European Political Economy
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European Political Economy
A collection of short pieces related to various areas of my PhD research.
Curated by Jamie Jordan
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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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The full Greek proposal to the institutions

The full Greek proposal to the institutions | European Political Economy | Scoop.it

Brussels - Kathimerini has obtained the full proposal submitted by the Greek government to the institutions. All 11 pages can be seen here.

Jamie Jordan's insight:

With Tsipras tweeting on 24th June that equivalent measures were never rejected by Troika in relation to Ireland and Portugal. If these are rejected, then he stated that they never wanted an agreement or something else is up.

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Greece's creditors differ on bailout details

Greece's creditors differ on bailout details | European Political Economy | Scoop.it
Eurozone finance ministers are due to meet Wednesday evening to try and reach a deal on Greece’s bailout but the creditors themselves are divided.
Jamie Jordan's insight:

You can't please all of the people all of the time. However, if you are Greece, that it seems that you can't please anyone at any point!

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The battle within Syriza

The battle within Syriza | European Political Economy | Scoop.it
For many Syriza members, the proposals announced by Tsipras yesterday will represent less a "rescue" for the Greek people than a surrender to the punitive terms—and "delusional economics"—of the troika. We re-publish an article from Politico by David Patrikarakos examining the divergent views within Syriza that will determine its ultimate decision. By David Patrikarakos, 18/6/15, updated 19/6/15. I wait in the reception area of the Mégaro Maxímou, the office of the prime minister of Greece,
Jamie Jordan's insight:

Excellent quotes throughout from many of the leading figures within Syriza.

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Five years of Greek crisis — in pictures

Five years of Greek crisis — in pictures | European Political Economy | Scoop.it
Five years of failed responses to the debt crisis in Greece has brought the country and its creditors to today's boiling point.
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A modern Greek tragedy – the crisis years in context

A modern Greek tragedy – the crisis years in context | European Political Economy | Scoop.it
Keith Fray and Valentina Romei During the six years from 2007 to 2013 the annual output of the Greek economy fell by more than 26 per cent. On the FT’s statistics desk we wanted to know how that fall ranked compared with sustained periods of economic retrenchment and dislocation in other countries.
Jamie Jordan's insight:

A fascinating comparative insight into the level of Greece's GDP decline. 

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Greece: Dispatches from the brink - FT.com

Greece: Dispatches from the brink - FT.com | European Political Economy | Scoop.it
For Mikis, a trim-looking 73-year-old, the defining moment of Greece’s six-year long financial crisis came in 2012, when his 68-year-old neighbour committed suicide by jumping off the terrace of the next-door apartment building. “He was someone
Jamie Jordan's insight:

Pensioners, nurses, activists and entrepreneurs offer an insight into the national mood

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Greece's Proposals to End the Crisis: My intervention at today's Eurogroup

Greece's Proposals to End the Crisis: My intervention at today's Eurogroup | European Political Economy | Scoop.it

The only antidote to propaganda and malicious ‘leaks’ is transparency. After so much disinformation on my presentation at the Eurogroup of the Greek government’s position, the only response is to post the precise words uttered within. Read them and judge for yourselves whether the Greek government’s proposals constitute a basis for agreement

Jamie Jordan's insight:

The very final proposals put forward by Varoufakis on 18th June. 

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Press Releases

Press Releases | European Political Economy | Scoop.it

At the time of writing of the present report, news kept unfolding, especially as regards the negotiation of a financial support agreement. As of today, the negotiations are still ongoing. As the Bank of Greece had assessed in its Governor's Report for the year 2014, the conclusion of a new agreement with our partners is of the utmost importance to fend off the immediate risks to the economy, reduce uncertainty and ensure a sustainable growth outlook for Greece.

Jamie Jordan's insight:

The report that really started discussion of the need for capital controls and the potential of Greece having to exit EU along with Eurozone. 

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'Making us poorer won't save Greece': how pension crisis is hurting its people

'Making us poorer won't save Greece': how pension crisis is hurting its people | European Political Economy | Scoop.it
Pension reform is a major sticking point in Greece’s bailout talks. But with 45% of retirees under the poverty line, many wonder how much more they can take
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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
Jamie Jordan's insight:

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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Deal or no deal: A breakdown of the latest Greece proposals - FT.com

Deal or no deal: A breakdown of the latest Greece proposals - FT.com | European Political Economy | Scoop.it

The 11-page proposal of economic and budget reforms submitted by Alexis Tsipras, the Greek prime minister, to his international bailout creditors on Monday estimates it will save nearly €7.9bn over the course of the next two years, by far the biggest combination of tax hikes and spending cuts offered by his government to date.

Jamie Jordan's insight:

The Greek proposals come in line with much of what the creditors want. Is this capitulation?

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Greeks set to face tax barrage

Greeks set to face tax barrage | European Political Economy | Scoop.it

Greek taxpayers face a daunting raft of obligations this fall as, on top of the tough measures introduced in previous years, the government will add a new tax and social security burden totaling 2.69 billion euros. Consequently the year’s second half, and especially September, will be tough for both citizens and enterprises, as they will have to pay taxes amounting to 13.7 billion euros in a short period of time while their taxpaying capacity will be reduced

Jamie Jordan's insight:

This is almost as problematic as cuts to spending. The private sector is going to get demolished.

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Greece under pressure to build domestic support as deadline looms - FT.com

Greece under pressure to build domestic support as deadline looms - FT.com | European Political Economy | Scoop.it
Greece’s parliament will have only a few days to pass all the economic reforms pledged by Athens to unlock desperately needed bailout aid, putting intense pressure on Prime Minister Alexis Tsipras to build domestic political support for the
Jamie Jordan's insight:

Not enough to sign the agreement, now they have to push it all through parliament before money is disbursed.

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Portugal frets it could be next as Grexit fears grow - FT.com

Portugal frets it could be next as Grexit fears grow - FT.com | European Political Economy | Scoop.it
In the eyes of international lenders, Portugal is a shining example of what Greece should have been: a bailed-out country that co-operates with its creditors, stoically enduring years of austerity to bring about reforms that gradually improve an
Jamie Jordan's insight:

Lisbon’s status as eurozone exemplar might not shield it from market rout

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Greek debt crisis is the Iraq War of finance

Greek debt crisis is the Iraq War of finance | European Political Economy | Scoop.it
Guardians of financial stability are deliberately provoking a bank run and endangering Europe's system in their zeal to force Greece to its knees
Jamie Jordan's insight:

Excellent stuff, once again, from Ambrose Evans-Pritchard, who sticks it to the institutions of power in Europe and beyond for there complete lack of ability to deal with the Eurozone crisis, and how they have made a mockery of a number of governments to paper over such failings. 

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EU confronts Greek legal puzzle

EU confronts Greek legal puzzle | European Political Economy | Scoop.it
Needed: A creative solution to keep country in Union in case of Grexit.
Jamie Jordan's insight:

A good insight into some of the legal ramifications of Grexit, if it happens!

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The time has come for Tsipras to accept the deal from Europe - FT.com

The time has come for Tsipras to accept the deal from Europe - FT.com | European Political Economy | Scoop.it
Within weeks Athens will either reach an agreement with its creditors, or default on billions of its debts. Given Greek banks’ dependence on funding from the European Central Bank, default could then push Greece out of the eurozone. After that,
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Audit of Greek debt adds to pressure on Tsipras in creditor talks

Audit of Greek debt adds to pressure on Tsipras in creditor talks | European Political Economy | Scoop.it
Parliamentary speaker Zoe Konstantopoulou, who has been a thorn in the government’s side since taking up her position, may have made Prime Minister Alexis Tsipras’s task of reaching an agreement with lenders more complicated by publishing the preliminary findings of a debt audit committee she is presiding over.
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Greece: A Credible Deal Will Require Difficult Decisions By All Sides

Greece: A Credible Deal Will Require Difficult Decisions By All Sides | European Political Economy | Scoop.it
By Olivier Blanchard (Versions in 中文, Français, ελληνικά, عربي, and Español) The status of negotiations between Greece and its official creditors – the European Commission, the ECB and the IMF – do...
Jamie Jordan's insight:

Oliver Blanchard, chief economist of IMF, making the case for the need of debt relief in any deal.

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