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The desire to blame Greece for the eurocrisis ensures that the Greek people pay the price, while the elites responsible get away free.

The desire to blame Greece for the eurocrisis ensures that the Greek people pay the price, while the elites responsible get away free. | European Political Economy | Scoop.it

In the first of two articles on the Greek crisis as a ‘trope’, Daniel M. Knight writes that Greece now finds itself subject to a narrative of blame from the countries of the European north, with the Greek people portrayed as the cause of the eurozone crisis, rather than as victims. He argues that this narrative, alongside new waves of austerity, is helping to create a tangible sense of destitution and persecution among the Greek people.

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One of the best things I have read on the eurozone crisis

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Greece to stop privatisations as Syriza faces backlash on deal - Telegraph

Greece to stop privatisations as Syriza faces backlash on deal - Telegraph | European Political Economy | Scoop.it
The Syriza leadership risks falling between two stools as it tries chip away at the austerity regime without triggering Greece's ejection from the euro
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EP starts own-initiative for “right2water”

EP starts own-initiative for “right2water” | European Political Economy | Scoop.it
The European Parliament Committee for Environment (ENVI) has started an “own-initiative” on our ECI right2water, because it shared our conclusion that the response of the European Commission was disappointing and not in accordance to such a successful European Citizens’ Initiative!
 
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Syriza and the rent-seekers

Syriza and the rent-seekers | European Political Economy | Scoop.it
His defiant rhetoric will have gone down well not just in Greece but also with some of the political left in Europe and beyond. Some politicians and commentators have elevated the dispute between Athens and the rest of the eurozone – usually shortened to Greece vs Germany – as a battle between the progressive and reactionary forces for the soul of Europe, a fiscal Spanish Civil War for the 21st century. The difficulty with this analysis is that Greece’s structural problems – wh
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A good short blog post about the role of clientelism in Greece and how structural problems are real. The point of change is what direction will it move in, genuine change in a more progressive manner, or towards reverting back to the old ways pre Troika. 

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Greece backtracks on privatisation - FT.com

Greece backtracks on privatisation - FT.com | European Political Economy | Scoop.it
Until Syriza swept into power in last week’s general election, Paschalis Bouchoris was betting that 2015 would be a record year for Greek privatisation sales. Now the Hellenic Republic Asset Development Fund, known as Taiped, the agency leading the
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Some excellent detail about the suspension of privatisations, along with some names in here that will be good to interview.

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Water privatisation: a worldwide failure? | John Vidal

Water privatisation: a worldwide failure? | John Vidal | European Political Economy | Scoop.it
Lagos is among the many cities in the global south where investment in water supplies is desperately needed, yet there is no consensus on whether the answer lies with private management, the public sector, or a combination of both. John Vidal reports
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Dissatisfied Portuguese voters stick with the status quo - FT.com

Dissatisfied Portuguese voters stick with the status quo - FT.com | European Political Economy | Scoop.it
Syriza has won a general election in Greece and radical leftwing movements could soon be voted into power in Spain and Ireland, but in another crisis-hit eurozone country it remains business as usual for the political establishment. Despite a
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Parpública: Portugal’s airport network attracts investment

Parpública: Portugal’s airport network attracts investment | European Political Economy | Scoop.it
Even during times of fiscal crisis, Portugal remains an appealing location for business investment, as the country’s government works closely with private companies to improve its aviation industry
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Syriza turns Greek oligarchs from taboo subject to economic priority - FT.com

Syriza turns Greek oligarchs from taboo subject to economic priority - FT.com | European Political Economy | Scoop.it
They are Greece’s best-known tycoons, admired and loathed in equal measure for their vast wealth and deep political connections. While ordinary Greeks call them “diaplekomenoi” (the entangled ones) or “davatzides” (pimps), economists call them
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Portugal’s old order loses its grip in painful times of change

Portugal’s old order loses its grip in painful times of change | European Political Economy | Scoop.it

What is at stake in the Portuguese economy is a struggle to shift resources from non-export sectors such as energy, construction and telecommunications to export-led companies competing in global markets.

 

Serving the domestic market, sheltered from competition and often dependent on state contracts, such non-export companies have absorbed excessive investment and talent at the same time as they have diminished Portugal’s international competitiveness by driving up costs for exporters.

 

Inputs such as energy and telecoms account for about 16 per cent of costs for Portuguese exporters, almost as much as labour (19 per cent). They have risen faster than export prices for almost 15 years. The OECD warned in October that expanding exports would depend on further reforms to strengthen competition in the non-export sector

 
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Interesting discussion which highlights the push to restructure Portugal's political economy in a way which integrates it into GVCs.

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German austerity is not only damaging the Eurozone, but is also starving the country of its own much needed investment

Bob Hancké of the LSE argues that it’s not just the rest of Europe that is suffering from Germany’s obsession with fiscal austerity. While such a strategy might be justified in terms of its wider e...
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Germany’s weak point is its reliance on exports

Germany’s weak point is its reliance on exports | European Political Economy | Scoop.it

One of the biggest misconceptions about the eurozone has been a belief in the innate strength of Germany – the idea that competitiveness reforms have transformed a laggard into a leader. This is nonsense. The German model relies on the presence of an unsustainable investment boom in other parts of the world. That boom is now over in China, in most of the emerging markets, in Russia certainly. What we saw last week is what happens once the world returns to economic balance: Germany reverts to lower economic growth.

 
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China swoops in on Italy’s power grids and luxury brands

China swoops in on Italy’s power grids and luxury brands | European Political Economy | Scoop.it
Italy’s business elite – senior executives from blue-chip companies such as Telecom Italia and Vodafone plus high-ranking government officials – filled a renaissance palazzo across from Milan’s gothic cathedral this summer to court one of the
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Some details about Greece and Portugal also in here.

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Chinese investors surged into EU at height of debt crisis

Chinese investors surged into EU at height of debt crisis | European Political Economy | Scoop.it

As investors fled Europe in the worst days of its sovereign debt crisis, China-based companies moved in the other direction and surged in, with cash flowing from China into some of the hardest-hit countries of the eurozone periphery.

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A closer look at Greece’s proposed reforms - FT.com

A closer look at Greece’s proposed reforms - FT.com | European Political Economy | Scoop.it
Greece’s new leftwing Syriza government has talked of killing the country’s current bailout deal. Yet many of the reform pledges it spelt out in a letter to the eurogroup on Tuesday bear a striking resemblance to those made but not implemented by
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Syriza Can Show Another Energy is Possible

Syriza Can Show Another Energy is Possible | European Political Economy | Scoop.it
During its first days in office, Syriza has taken actions that suggest it is willing to confront the EU's neoliberal approach to energy and to embark on a new course. New Prime Minister Alexis Tsipras has also stated his government will restore collective bargaining agreements and stop 300,000 planned layoffs.
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Alexis Tsipras begins rolling back Greek austerity policies

Alexis Tsipras begins rolling back Greek austerity policies | European Political Economy | Scoop.it
New prime minister says there is no time to waste, as privatisation programme demanded by EU and IMF is put on hold
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Greece: What a SYRIZA government will do

Greece: What a SYRIZA government will do | European Political Economy | Scoop.it
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Syriza government programme

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Jackson and Marduk's curator insight, February 11, 6:33 PM

Political: This article is about a new political party currently rising in Greece. This movement hopes to help pay off debt, as well as help the economy of Greece. It will also pay charity to over 300,000 people.

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Greece’s new young radicals sweep away age of austerity

Greece’s new young radicals sweep away age of austerity | European Political Economy | Scoop.it

One by one they were rolled back, blitzkrieg-style, mercilessly, ruthlessly, with rat-a-tat efficiency. First the barricades came down outside the Greek parliament. Then it was announced that privatisation schemes would be halted and pensions reinstated. And then came the news of the reintroduction of the €751 monthly minimum wage. And all before Greece’s new prime minister, the radical leftwinger Alexis Tsipras, had got his first cabinet meeting under way.

After that, ministers announced more measures: the scrapping of fees for prescriptions and hospital visits, the restoration of collective work agreements, the rehiring of workers laid off in the public sector, the granting of citizenship to migrant children born and raised in Greece. On his first day in office – barely 48 hours after storming to power – Tsipras got to work. The biting austerity his Syrizaparty had fought so long to annul now belonged to the past, and this was the beginning not of a new chapter but a book for the country long on the frontline of the euro crisis.

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Greece remains on democratic path despite years of depression - FT.com

Greece remains on democratic path despite years of depression - FT.com | European Political Economy | Scoop.it
After their third general election in less than three years, Greeks will wake up on Monday to a political, economic and social landscape that, in certain respects, has changed beyond recognition since a debt crisis forced the nation into the arms of
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A quick summary of the changes in Greece from the beginning of bail-out programme to the day before Syriza election.

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Privatisation: Extensive sell-offs constitute irreversible retreat by government - FT.com

Privatisation: Extensive sell-offs constitute irreversible retreat by government - FT.com | European Political Economy | Scoop.it
Pedro Passos Coelho, the prime minister, scored a big success as a pro-market reformer by selling stakes in two state-owned energy utilities at high premiums within eight months of coming to office The sales raised close to €10bn in investment and
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The Struggle for Public Water in Italy

The Struggle for Public Water in Italy | European Political Economy | Scoop.it

On 9 October, I gave the paper ‘Sic Vos Non Vobis’ – ‘For You, But Not Yours’: The struggle for public water in Italy at theDepartment of Political Economy, University of Sydney . The paper is about the Italian Water Movements Forum (Forum), a broad alliance of trade unions, social movements, development NGOs and environmental groups, and its successful mobilisation for a referendum against the privatisation of water in June 2011 (see also Road to Victory). Trade unions and other social movements find it often difficult to co-operate due to their different histories and institutional structures, as argued in an article on the European Social Forum. In this blog post, I will analyse how the Italian Water Movements Forum was able to bring together such a wide range of different groups into a successful campaign.

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Brooke and Carina's curator insight, February 11, 12:27 AM

On October 9th, Italy took one step towards regaining there rights for water.  A forum was given to officials to remove the constraints of public water to Italians.  In order for the movement to be approved, many people had to gather together and agree upon it.  Representatives from every town, village and country, to ensure the best decision was chosen.  Many argued water is a fundamental life source and is needed by everyone, public or private.  After various conversations and problem solving, the movement was said "yes" to.  In doing so, they have made many campaigns and slogans to display there victory to the rest of there neighboring countries, towns, and cities.   

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Can new supply chain approaches prevent another Rana Plaza?

Can new supply chain approaches prevent another Rana Plaza? | European Political Economy | Scoop.it
Tougher factory and supply chain standards won't be enough to prevent disasters like the Bangladesh factory collapse. Can development tactics succeed where conventional approaches have failed?
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Some interesting insights into the complexity of value chains.

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Portugal attacked after bailout reforms flag

Portugal attacked after bailout reforms flag | European Political Economy | Scoop.it

International lenders have attacked Portugal for allowing the pace of reform to slacken since the country exited a three-year bailout programme, warning that some of the progress made at the cost of tough austerity measures could be reversed.

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Greece primps for big China state deals

Greece primps for big China state deals | European Political Economy | Scoop.it
When Xi Jinping, the president of China, made an unofficial one-night stopover in August on the island of Rhodes, on his way to Brazil for a summit of leading emerging markets, Greece’s president and premier flew from Athens to make sure his stay
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Chinese investors play key role in Portugal success

Chinese investors play key role in Portugal success | European Political Economy | Scoop.it



Portugal, like other crisis-hit eurozone countries under pressure to sell off state assets, has sold large minority stakes in utilities and infrastructure operators to Chinese companies. As much as a gateway to Europe, these Chinese investors are also buying into what they see as a strategic hub for expanding across Brazil, Angola, Mozambique and other former Portuguese possessions.

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