“Euroshock”: the story of Greece’s debt restructuring told by one of its main actors The days when Greece teetered at the brink of default may seem now safely in the past. Still, the complicated task of arranging for a debt restructuring that would be compatible with the institutional framework of [...]
Bad omen for the Paris Games This year the 'god Apollo' did not send the rays to give birth to the Olympic Flame. This was the only flaw in the brilliant ceremony, which took place on Tuesday, 16/4, in the birthplace of the Olympic Games. However, Even the cloudy weather [...]
Delphi take-aways of morality in international relations, of public and private cooperation for climate governance Most of this year’s Delphi Economic Forum was grounded in a decidedly realist reading of things evolving. Still, there were moments that brought back glimpses of earlier times; times when a sense of purpose for [...]
The Great Transition This year’s Delphi Economic Forum – the 9th since the inception of this venture to bring together people so as to explore in depth current affairs but also permanent subjects of interest – was devoted to ‘The Great Transition”. Some of the participants took the liberty to [...]
What have policymakers learned from the debt crisis? As things evolve - both in Europe / the euro area and in Greece - the temptation springs back to have a closer look at the teachings the debt crisis has left behind. Plus, the perspectives that remain to materialize, hopefully. Nikos [...]
Old sins have long shadows An eavesdropping scandal in 2021-23, involving the surveillance of the phone of Opposition leader Nikos Androulakis (then a MEP, and candidate to the leadership of PASOK – unfriendly to the Government) is coming back to haunt this same Government, however much effort was expended [...]
Strengthening competition The need to strengthen competition in several sectors of the Greek economy is increasingly pointed out by the Governor of Bank of Greece (BoG), Yannis Stournaras, who attributes to such absence of competitively higher prices in Greece than the rest of the Eurozone. In an interview he referred, in fact, to research by [...]
Stournaras in outspoken mode Under the seemingly sedate title “The global economy in the 21st century: From globalization to a multi-centred world”, an academically-minded conference gave the floor to Bank of Greece Governor Yannis Stournaras (for an opening address). The result was somehow unexpected since Stournaras took the opportunity to dig into important political [...]
The Hellenic ideals must be defended “Ancient Greece gave birth to the ideals and principles that are the foundation of western democracies. As such, all Americans share in the Hellenic spirit which is embedded in the DNA of our constitution and at the core of our cherished liberties. As Americans of Greek heritage, we take [...]
Manufacturing phase-outs, investment trouble The closing of the “Yioula Glassworks” – the last such factory left in Greece – was decided by its owner (Portuguese) conglomerate BAGlass Group. According to the BA Glass announcement, the decision is due to “persistent lack of demand” that led to increased storage costs – but the root cause, [...]