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Portugal is the pupil that gets good grades for learning bad lessons

Portugal is the pupil that gets good grades for learning bad lessons | European Political Economy | Scoop.it

While the negotiations over Cyprus’s bailout agreement have been extremely controversial, this month also saw the EU and IMF relax the terms of their financial assistance to Portugal. Alexandre Afonso details some of the main reasons why Portugal has been treated much more leniently in negotiations. Despite falling short of economic targets, the country has been praised for its determination to implement austerity policies. However the extent to which the crisis has encouraged emigration by young Portuguese citizens may pose a future problem for the sustainability of Portugal’s welfare state.

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Some good analysis of the situation in Portugal.

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ILO welcomes the reactivation of social dialogue in Greece

ILO welcomes the reactivation of social dialogue in Greece | European Political Economy | Scoop.it

Meeting at the International Labour Organization (ILO) headquarters in Geneva on 15 May 2015, the Minister of Labour and Social Solidarity of Greece, Mr Panagiotis Skourletis and the ILO Director-General, Mr Guy Ryder held a productive and positive exchange of views that provides a strong framework for enhanced further collaboration. 

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Greece threatens top court action to block Grexit

Greece threatens top court action to block Grexit | European Political Economy | Scoop.it
Exclusive: European leaders warn in concert that a 'No' vote on Sunday means Greece will be pushed out of the euro
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum

The lenders proposals on debt and funding needs that Greeks will vote on in referendum | European Political Economy | Scoop.it
Greek Parliament has published (in Greek) the preliminary debt sustainability analysis (DSA) as well as another document with Greece’s financing needs and timetable of disbursements that accompanied the institutions proposal to Athens on June 25.
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As Greece fractures, old wounds are reopening | Maria Margaronis

As Greece fractures, old wounds are reopening | Maria Margaronis | European Political Economy | Scoop.it
Ahead of the referendum, the fear is not just of collapse, but of a return to the nightmare of the nation’s violent history
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As it happened - Yanis Varoufakis' intervention during the 27th June 2015 Eurogroup Meeting

As it happened - Yanis Varoufakis' intervention during the 27th June 2015 Eurogroup Meeting | European Political Economy | Scoop.it
The Eurogroup Meeting of 27th June 2015 will not go down as a proud moment in Europe's history. Ministers turned down the Greek government's request that the Greek people should be granted a single...
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The moral crusade against Greece must be opposed | Zoe Williams

The moral crusade against Greece must be opposed | Zoe Williams | European Political Economy | Scoop.it
The idea that Greece partly deserves its fate reflects an order in which wealth trumps democracy. We should fight a narrative that enfeebles us all
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No vote means isolation, Europe warns Greeks - FT.com

No vote means isolation, Europe warns Greeks - FT.com | European Political Economy | Scoop.it
European leaders have warned Greeks that Sunday’s vote on the international bailout is a referendum on membership of the eurozone, insisting rejection will bring no better offer and could have disastrous economic consequences. The warnings came as
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The road to Grexit and beyond - FT.com

The road to Grexit and beyond - FT.com | European Political Economy | Scoop.it
When a shock you predicted actually happens, it still feels like a shock. Alexis Tsipras was right to walk away. But it was a momentous decision nevertheless when the Greek prime minister rejected an offer that would have allowed it to pay its debt
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For ordinary Greeks, the choice is between extremely bad or worse

For ordinary Greeks, the choice is between extremely bad or worse | European Political Economy | Scoop.it
Another chapter will be written this weekend in Greece’s proud, painful history of national suffering, defiance and martyrdom, real as well as imagined, at the hands of foreign oppressors. Whether Greece’s radical leftist-led government capitulates to the demands of its eurozone partners and the International Monetary Fund, or whether it rejects them, the essentials of this narrative will not vary much.
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Charities struggle to plug gaps in gutted Greek welfare state - FT.com

Charities struggle to plug gaps in gutted Greek welfare state - FT.com | European Political Economy | Scoop.it
It was when young children began arriving at his hospital without rudimentary vaccinations that Anastasios Yfantis realised the dangerous extent to which Greece’s welfare state has been gutted. “We started seeing more and more kids here without
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Greece’s European Identity Is at Stake

Greece’s European Identity Is at Stake | European Political Economy | Scoop.it
Greece’s history is filled with major disasters and impressive recoveries, SImon Nixon says.
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Why the left is losing the austerity argument (in Portugal)

Why the left is losing the austerity argument (in Portugal) | European Political Economy | Scoop.it
Unlike voters in Greece, Spain or Ireland, the Portuguese are not turning to left-wing parties – even the moderate mainstream left is failing to turn Portugal’s hardships to its advantage.
Jamie Jordan's insight:

Some good stats in here as well on the state of the healthcare system and the amount of emigration occurring amongst skilled young people.

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A shield against poverty, pensions are Greece's top priority

A shield against poverty, pensions are Greece's top priority | European Political Economy | Scoop.it

After six years of recession, Greece is offering nearly 8 billion euros ($9 billion) worth of new savings. But they will come mainly from raising taxes on businesses, households and the purchase of goods in an effort to spare pensions, which creditors had wanted trimmed.


The pensions are based on a state-funded system and have become a flashpoint in the talks on how to heal Greece's public finances. They are hugely expensive for the government, but have already endured big cuts and a large and growing number of Greek families depend upon them as an informal safety net against poverty.

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Greece’s Troubles Attract Little Sympathy From Poorer Neighbors

Greece’s Troubles Attract Little Sympathy From Poorer Neighbors | European Political Economy | Scoop.it
Some of the most resolute opponents of cutting the Greek government any slack in its haggling with creditors have been Europe’s most deprived nations, like Bulgaria and Baltic States.
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How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink

How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink | European Political Economy | Scoop.it
Greek Prime Minister Alexis Tsipras began leaning toward a risky referendum last week after creditors tore up a set of economic proposals he hoped would unlock rescue funds, people close to him say.
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Alexis Tsipras must be stopped: the underlying message of Europe's leaders

Alexis Tsipras must be stopped: the underlying message of Europe's leaders | European Political Economy | Scoop.it
Germany’s vice-chancellor has become the first senior EU politician to voice the private views of many - that the Greek PM is a threat to the European order
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Joseph Stiglitz: how I would vote in the Greek referendum

Joseph Stiglitz: how I would vote in the Greek referendum | European Political Economy | Scoop.it
Neither alternative – approval or rejection of the troika’s terms – will be easy, and both carry huge risks
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The Day The Euro Died

The Day The Euro Died | European Political Economy | Scoop.it
On the evening of Friday June 26th, talks broke down between Greece and its creditors. The creditors had once more rejected Greece’s proposal and put forward their own version including tax and pension changes that Greece had already said it would not accept. In the early hours of Saturday morning, June [...]
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Europe’s dream is dying in Greece - FT.com

Europe’s dream is dying in Greece - FT.com | European Political Economy | Scoop.it
The shuttered banks of Greece represent a profound failure for the EU. The current crisis is not just a reflection of the failings of the modern Greek state, it is also about the failure of a European dream of unity, peace and prosperity. Over the
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Greece closes banks after bailout talks break down - FT.com

Greece closes banks after bailout talks break down - FT.com | European Political Economy | Scoop.it
Greece’s grim bank holiday Greece has closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors. The move, which left many depositors scrambling for cash, came at
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Tsipras gambles political future on Greek bailout referendum - FT.com

Tsipras gambles political future on Greek bailout referendum - FT.com | European Political Economy | Scoop.it
Alexis Tsipras is gambling his political future as Greece’s prime minister on a hastily called referendum that could all too easily backfire. Next Sunday’s vote on a failed Greek bailout proposal has divided constitutional experts over its
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Leaked: Greece’s new bailout counterproposal

Leaked: Greece’s new bailout counterproposal | European Political Economy | Scoop.it
Athens’ final counterproposal to its trio of bailout monitors would re-impose many of the large-scale corporate taxes and pension contributions that creditors demanded be stripped out amid concern it would plunge Greece into a deeper recession. According to a copy, distributed to eurozone finance ministers Thursday and obtained by the Financial Times, Athens has stuck with its demand for a one-time 12 per cent tax on all corporate profits above €500,000, a measure the government estimates will r
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Greece’s businesses buckle after months on brink of bankruptcy - FT.com

Greece’s businesses buckle after months on brink of bankruptcy - FT.com | European Political Economy | Scoop.it
When a country teeters for months on the brink of bankruptcy — becoming a spectacle for television cameras chronicling social breakdown and prompting doomsayers to predict imminent chaos — its businesses must resort to special measures to survive.
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Timeline: How the Greek economy hit a roadblock - FT.com

Timeline: How the Greek economy hit a roadblock - FT.com | European Political Economy | Scoop.it
The Greek crisis took a dramatic new turn this weekend after Alexis Tsipras, the Greek prime minister, called a surprise referendum on new bailout terms being demanded by the country’s international creditors. The ECB on Sunday said it would freeze
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Key events leading up to decision to announce referendum.

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Portraits From Greece as It Endures a Crisis

Portraits From Greece as It Endures a Crisis | European Political Economy | Scoop.it
From a small island to the capital in Athens, here is a glimpse into some of the lives of Greeks as their country struggles to repay billions in debt.
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