Greek higher education has been, for the past four years, under a double attack, both by crippling austerity-induced budget cuts and by an attempt to accelerate the imposition of aggressively neoliberal reforms towards an entrepreneurial model of higher education.
Alexandros, a final-year student, was dejectedly sipping an iced cappuccino at a café close to the downtown campus of Athens polytechnic, where anarchists mingle with undergraduates. Just as his examinations were due to start, a strike by
Paris's move to take back water supplies inspires others* Veolia, Suez margins fall as towns negotiate discounts* EU anti-privatisation trend pushes water firms abroad* Private water firms grow quickly
Economists at DG ECFIN are starting to notice something we have pointed out already some time ago: Despite an enormous cut in wage costs, Greek exports have firmly stayed put in recessionary territory and hopes for an export-led recovery have proven to be illusive. Troubled by this failure of Greek exports to lift off, DG ECFIN …
Greece’s trade deficit rose for the third straight month at an accelerating pace of 17.2 percent in April after increasing by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Jamie Jordan's insight:
The complete opposite trajectory to what the bailout packages were meant to induce.
Greece is a step closer to completing one of the six prior actions for the disbursement of the EU June sub-tranche of 1 billion euros, which relates to the is the legislation for the sale of a 30 percent stake in the Public Power Corporation (PPC) capacity and its client base (small PPC).
Hardly anyone would recognise them in the street and few know their names, but the 13 black-robed judges that sit on Portugal’s constitutional court are assured of an important chapter in the history of the country’s three-year rescue programme.
The Bundesbank has backed the push by Germany’s trade unions for inflation-busting wage settlements, in a remarkable shift in stance from a central bank famed for its tough approach to keeping prices in check. Jens Ulbrich, the Bundesbank’s chief
Unpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the troika.
For governments and large companies, the worst days of the eurozone crisis are a distant memory. Fragmentation of eurozone capital markets – which once threatened to blow up Europe’s monetary union – has largely healed. But for small businesses in
The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.
Greece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems.
According to the latest Eurobarometer survey on the social impact of the crisis, 80% of respondents believe that poverty has increased in their country over the past 12 months. Over 30% of respondents in Greece, Latvia, Lithuania, Bulgaria, Romania and Hungary reported that their household ran out of money to pay for ordinary bills, food and other daily consumer items at some point during the previous 12 months. These alarming numbers are reflecting the perception of European citizens. But what do indicators measuring different dimensions of poverty and inequality actually show?
Foreign direct investment into developing economies is poised to plateau as companies raise long-term bets on economies in Europe and the US recovering, UN economists predicted on Tuesday. Moreover, investments out of China are likely to overtake
Greece is hoping to sign agreements for investments worth 6-7 billion dollars during the three-day visit of the Chinese Prime Minister Li Keqiang, which comes a year after the Greek Premier Antonis Samaras visited China.