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Greece Is Committed to Staying in Euro Zone: Antonopoulos
Bloomberg Business, July 10, 2015. All Rights Reserved. Ahead of Greek PM Alex Tsipras’s meeting with eurozone finance ministers on July 11, Syriza MP and Levy Institute economist Rania Antonopoulos expressed confidence that a "mutually beneficial" agreement between Greece and its creditors would be put in place within the week, and stated that the government’s […] -
Greece Is Committed to Staying in Euro Zone: Antonopoulos
Levy economist and Syriza MP Rania Antonopoulos is interviewed ahead of Brussels Group talks. -
BlogPapadimitriou on Making an Example of Greece (Audio)
From Athens, Dimitri Papadimitriou spoke with Ian Masters about Tuesday’s emergency meeting in Brussels (attended by Greece’s new finance minister) and the country’s prospects going forward. Papadimitriou touched on both the economic and political facets of the crisis, and discussed the idea that Greece is being “taught a lesson” as a demonstration to the rest of the eurozone [...] -
Levy’s Papadimitriou on Narrowing Options for Greece
Bloomberg Radio, July 8, 2015. All Rights Reserved. Dimitri Papadimitriou talks to Kathleen Hays about anti-left sentiment in the eurozone, the possibility of a Grexit, and Greece’s strategic value, as the deadline for submitting a new reform proposal to its creditors approaches. Full audio of the interview is available here. -
Negotiations between the Greek and European Finance Ministers Go Nowhere
Background Briefing with Ian Masters, July 7, 2015. All Rights Reserved. From Athens, Greece, Levy President Dimitri B. Papadimitriou provides an update on emergency negotiations between the new Greek finance minister and his European counterparts, amid warnings by German Chancellor Angela Merkel that “it is no longer about weeks, but a matter of days” before […] -
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Euro Union – Quo Vadis?
This week a slow-motion train wreck hit the wall in Europe. Greece’s Syriza government came to power earlier this year on a mandate to keep Greece in the euro but end austerity. It was clear from the start that this project could only work out if Greece’s euro partners finally acknowledged that their austerity policies [...] -
Working Paper No. 840The Effects of a Euro Exit on Growth, Employment, and Wages
A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same time it would entail serious risks, especially […] -
Greece Defaults on IMF
RT, July 2, 2015. All Rights Reserved. Research Associate Pavlina R. Tcherneva outlines the conditions that would encourage Greece to accept a bailout offer and provides her take on the government’s debt reconstruction deal. Video of the interview is available here (3:35): http://rt.com/shows/boom-bust/271168-greece-defaults-imf-creditors/ -
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Why Greece’s Budget and Debt Restructuring Discussions Need to Be Tied Together
Pavlina Tcherneva spoke to RT’s Erin Ade yesterday on Greece’s impossible situation: [iframe width=”427″ height=”255″ src=”https://www.youtube.com/embed/1FUcBvaHdik?;start=210″ frameborder=”0″ allowfullscreen></iframe] -
Bard’s Papadimitriou on Outcomes of Greece Debt Crisis
Bloomberg Radio, June 29, 2015. All Rights Reserved. Papadimitriou provides a picture of what it’s like on the ground in Athens, where the prevailing mood is defined by “negotiation fatigue” and anxiety about the end of the bailout agreement on June 30. Greece is being asked to do the impossible, says Papadimitriou: to impose extra […] -
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Greek Debt Disaster Bodes Ill for Daily Life
“There are red lines in the sand that will not be crossed,” Greek Prime Minister Alexis Tsipras said just weeks ago as he began the long negotiations process with creditors. Some of these lines included no more pension cuts or value-added tax (VAT) increases, and a debt restructuring deal that incorporates renewed economic assistance from [...] -
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Martin Wolf on the UK’s Sectoral Balances
In this video segment, Martin Wolf briefly illustrates the UK’s “severe sectoral imbalances” and the dangers of the current government’s budget policy: [iframe width=”427″ height=”255″ src=”https://www.youtube.com/embed/bVU0LpZrLlk?start=2601″ frameborder=”0″ allowfullscreen></iframe] Below is what Wolf describes as his favourite chart (discussed at 48:40), which puts the UK’s public debt situation — the ostensible justification for the above-mentioned budget policy [...]