Greek Labour Institute Partnership


Three years into the austerity regimen imposed as a condition of Greece's bailout by international lenders, the country's unemployment rate has reached an unprecedented 27 percent—the highest in the European Union. Youth unemployment is approaching 60 percent. More than 1.3 million people are without jobs, and reports suggest that one out of three Greek households is living in poverty. Greece has become the epicenter of the worst crisis of capitalism since the interwar depression.

The Levy Institute reflects a belief that sound public policy can lead to full employment and sustained growth. In that regard, we are partnering with the Labour Institute of the General Confederation of Greek Workers (INE-GSEE) to design and implement an emergency employment program for the social economy sector in Greece, along the lines of Hyman Minsky's employer-of-last-resort policy proposal. This pilot program will provide transitional jobs supporting skills training, capacity building, and entrepreneurship, offering communities an opportunity to actively transform their own social and economic environment. Our ongoing partnership with the INE-GSEE includes the development and application of a stock-flow consistent model for simulating the Greek economy, designed along the lines of the US macro model on which the Institute's Strategic Analysis series is based.

Project Director

Dimitri B. Papadimitriou
President
Phone: 845-758-7711
Fax: 845-758-1149
dbp@levy.org

Minsky Conference: FDIC's Hoenig Gives Keynote on Banking System Reform

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Greek Economy to Grow Over 2 Percent in 2017, Papadimitriou Says


<strong>EBRD Sees "Enormous Opportunities" in Greece</strong>

EBRD Sees "Enormous Opportunities" in Greece

Dimitri B. Papadimitriou comments on the economic outlook for Greece; estimates 2% growth in 2017.
The Rock-Star Appeal of Modern Monetary Theory

The Rock-Star Appeal of Modern Monetary Theory

The Sanders generation and a new economic idea
<b>Minsky Conference: FDIC's Hoenig Warns Against Scrapping a US Bankruptcy Reform</b>

Minsky Conference: FDIC's Hoenig Warns Against Scrapping a US Bankruptcy Reform


Minsky Conference: Fed's Rosengren Calls For Trimming Balance Sheet Soon but Slowly

Minsky Conference: Fed's Rosengren Calls For Trimming Balance Sheet Soon but Slowly


Greece's Economy Minister Confident of Reaching Deal with Creditors

Greece's Economy Minister Confident of Reaching Deal with Creditors

Minister Dimitri B. Papadimitriou expects agreement to be reached at February 20 Eurogroup meeting.
Minsky's Moment

Minsky's Moment

The second in a series of articles on seminal economic ideas looks at Hyman Minsky’s hypothesis that booms sow the seeds of busts.
Greece Is Committed to Staying in Euro Zone: Antonopoulos

Greece Is Committed to Staying in Euro Zone: Antonopoulos

Levy economist and Syriza MP Rania Antonopoulos is interviewed ahead of Brussels Group talks.
<strong>Greek Debt: Do the Right Thing</strong>

Greek Debt: Do the Right Thing

Adjusting the terms of Greece's debt repayment is an ethical imperative, says Levy President Dimitri B. Papadimitriou.