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All items tagged GreeceOpen Think Tank ArticlesNovember 23, 2011 | Remember the Real Values of the European ProjectMikel Kotonika: With the Eurozone at the center of the global financial crisis, EU leaders are desperately trying to find a workable solution to preserve it. But if they use the imposition of a two-tier system, or other drastic measures, they will save the Eurozone at the expense of the European project as a whole. ... MoreSeptember 26, 2011 | Six Reasons to Save the Euro at All CostsSoeren Keil: To understand why the members of the Eurozone need to “save” Greece from bankruptcy, it is important to think about the consequences of a possible Greek default. This would not only have an effect on Greece and the Eurozone, but put the entire EU in jeopardy. Saving Greece means saving the Euro and the European Union. ... MoreSeptember 16, 2011 | Can Lower Budgets Produce Greater Security Efficiency?Christopher M Schnaubelt: Disparate political realities among European states will make integration of national forces difficult. But defense ministries can cut costs by streamlining personnel, developing capable reserves, abstaining from new missions and investing in long-term training and education. ... MoreAugust 11, 2011 | Turkish Delight: A Chance to Realign With the WestJames Brian Taylor: Turkey’s relations with the United States and Europe have been strained over the past two years, despite a rich history of cooperation. But the ongoing upheaval in the Middle East provides a golden opportunity for Turkey to realign itself with the US and Europe, beginning with a reconciliation with Israel. ... MoreJuly 19, 2011 | EU Crisis: Return to the Language of TruthHans F. Bellstedt: Joschka Fischer’s call for “greater European political unification” will not help solve the EU’s ongoing debt crisis. The only way to regain the public’s trust and restore financial markets is strict fiscal austerity as a prerequisite for future sustainable growth. ... MoreJuly 14, 2011 | Does Europe Have a Death Wish?Joschka Fischer: Europeans must forge ahead with the political union now; otherwise the euro and EU integration will be undone. Europe would then lose nearly everything it has gained over a half-century from transcending nationalism. In the light of the emerging new world order, this would be a tragedy. ... MoreFebruary 17, 2010 | The Euro's Final Countdown?Sylvester Eijffinger and Edin Mujagic: The euro is currently dividing the euro zone more than uniting it. The “One size fits all” policy increased tensions both internally with inflation and externally as a rebuffed currency. The 10 year-old euro is far from holding its promises. ... MoreFebruary 12, 2010 | Is Greece the New Lehman Brothers?Joerg Wolf: How should the euro zone members deal with the PIIGS? Portugal, Ireland, Italy, Greece and Spain have big budget deficits and other economic problems that lead to speculation against the euro. How serious is it? What should be done? ... MoreDecember 8, 2009 | A Big Fat Greek Financial WeddingC. Fahrholz & A. Kern: Greece’s stated intent of selling treasury bonds solely to foreign investors, as a means to push through fiscal reforms, could result in a full-blown drama, at the expense of European taxpayers. Greece is taking this bet, under the assumption that the IMF and the Euro area will come to its rescue. ... MoreSeptember 2, 2009 | EU and Turkey to Mediate Balkan TensionsMemo 18: More than a decade after the Dayton Agreement West Balkan countries are fighting over EU membership and against the resurgence of nationalist forces. These factors presently contribute to the emergence of renewed conflict potential. The European Union and Turkey have a key role to play as mediators. ... MoreAugust 7, 2009 | How Will Europe Protect Itself Against the Nationalist Virus?Wolfgang R Stock: Slovenia and Greece are currently preventing Croatia and Macedonia, two politically and economically stable countries, from entering the European Union. This blockade is unjustified and a violation against the highest principles of the EU. Brussels must cease from its indifference and act on this. ... MoreAugust 6, 2009 | The Blocked BlocTomislav Marsic : The recent Slovenian veto to an advancement of EU accession negotiations with Croatia accompanied by Greek efforts to constrain any EU-Macedonian rapprochement have deeply altered the inter-state relations of all involved. European solidarity and long-term strategic thinking are crucial to repairing the increasingly fragile bonds. ... MoreApril 30, 2008 | Gazprom Hardens Its Grip on EuropeMarek Swierczynski: Greece and Russia signed an agreement to build the southern branch of the South Stream natural gas pipeline. President Putin’s last victory hardens Gazprom’s grip on Europe and makes any energy diversification projects more difficult. Unless the EU looks at the map and acts. ... MoreMarch 7, 2008 | NATO Enlargement and Alliance PrinciplesDora Bakoyannis: Greece supports the enlargement of NATO in the Western Balkans with the invitations to Croatia and Albania, but the Former Yugoslav Republic of Macedonia’s “intransigeant stance and its actions of an irredentist and nationalistic logic” are unacceptable. ... MoreDecember 5, 2007 | "Thessaloniki 2": European Incentives for the Western BalkansAlexandros P. Mallias: A clear prospect of EU membership is the most effective tool in helping countries of the western Balkans overcome their current challenges. Mallias presents a new strategic agenda for the western Balkans building on the Thessaloniki Agenda of 2003. ... MoreGlobal Must Read ArticlesMarch 13, 2012 | The Perils of AusterityGreece’s troubles have been used to promote a false narrative about deficits and austerity. ++ Greece has officially defaulted on its debt, even if in a negotiated manner. ++ But the story of Greece shows that while deficits are bad, slashing budgets in bad times is even worse. ++ Europe’s periphery is now experiencing depressions caused by austerity. ++ Short of leaving the Euro, nations like ... MoreFebruary 28, 2012 | Germany is Now the America of Europe: HatedWhy not exclude ethnic origins from reporting on the Eurocrisis? ++ Hardly a day goes by in Greece without Chancellor Angela Merkel being depicted in a Nazi uniform. ++ Germany will not see a good deal of the €130 billion it will give to the bailout fund again but is being treated like it is invading Europe again. ++ Germany is now the America of Europe, hated “because it is too successful, ... MoreNovember 8, 2011 | "Credibility" Gap in Merkozy's Eurozone StrategyMerkel and Sarkozy’s shifting strategy on the Euro crisis is undermining the credibility of the EU and hurting investment. ++ Suddenly introducing foreign exchange risk to the Eurozone has frightened the very market forces needed to rescue debt-ridden Greece and Italy. ++ This has created a vicious circle of political instability which further harms investment. ++ If it is to survive, the ... MoreNovember 7, 2011 | "Greek Spring" Shows EU Elitism Can Go No FurtherFar from being an expression of democracy, the now-scrapped Greek referendum was a power play by the Greek government against its own people. ++ The referendum’s failure highlights how, like in the Arab Spring, Western governments too can fall if they abandon democratic principles. ++ The paternalism of Germany and France during this crisis is inappropriate in a union of supposedly ... MoreOctober 27, 2011 | Eurozone Summit Fails to Address UnemploymentAs Eurozone leaders agreed to continue with austerity and forced the banks to write off 50 percent of Greece’s debt, the effect of these measures will hardly be felt by Southern European countries plagued by unemployment. ++ Medium and small businesses are teetering on the edge of bankruptcy resulting in massive layoffs and a drastic drop in productivity. ++ Bailouts and austerity measures may ... MoreOctober 26, 2011 | More Productivity, Less Austerity Will Save EuropeThe lack of a common fiscal policy is what allowed the Eurozone debacle to occur. ++ Europe has at the same time experienced extremely low levels of growth compared to the US and emerging markets, forcing it to accrue debt to prevent living standards from deteriorating. ++ Germany’s austerity plan will do little to stimulate growth in Southern Europe. ++ Europe requires wide-reaching structural ... MoreSeptember 2, 2011 | Eurozone Success is Up to GermanyGermany faces a choice in the eurozone crisis: allow the creation of a full-blown debt union, or let the euro fail. ++ Berlin has benefitted hugely from the currency union, with the economic surge of the last decade attributable largely to exports to other eurozone countries. But there is also much skepticism about the “morality” of bailing out Southern European countries. ++ The ... MoreAugust 8, 2011 | Doomed to an Economic Double-Dip?The world economy risks a double-dip, a second severe recession, thanks to an EU debt crisis, fiscal instability in the US, and slow manufacturing seemingly everywhere else. Policy makers are quickly running out of options to trigger recovery. ++ Now, economies that still have market access should “introduce new short-term fiscal stimulus while committing to medium-term fiscal ... MoreJuly 22, 2011 | Europe Must Share the Debt BurdenThursday’s emergency EU summit created an immediate rescue package for Greece and a sliver of hope for Italy and Spain, but the euro’s stability in the long run depends on the taxpayers. ++ The heavily devalued national bonds of indebted states should be replaced by collective eurobonds, backed by all eurozone governments, to stabilize and attract investment. ++ This is unpopular ... MoreJuly 6, 2011 | What is Wrong with Germany?Germany’s economy is humming, its exports are at an all time high, and its corporations are among the most dynamic in the world. ++ And yet, Germany finds itself isolated from the global community. It sits on the sidelines while its closest allies intervene in Libya, it balks at helping Greece and it rejects Turkey’s bid to enter the EU. In other words, Germany is afraid of changing ... MoreJune 30, 2011 | Greek Austerity DramaIt is still far from clear how the Greek saga will conclude. ++ The adoption of the austerity package sparked riots and sharpened the question of whether “the increasingly rebellious Greek public” is ready to meet the severe cuts. ++ In case of a default the country is likely to be excluded from the eurozone and markets’ attention would switch to the next “weakest ... MoreJune 24, 2011 | EU: the Union of Shattered DreamsGreek debt crisis questions the existence of the EU and outlines the instability of a monetary union which is not backed by political and economic unions. ++ “Dismantling of the welfare and redistributive systems” stir populist sentiments. ++ The case is exacerbated by the failure of the Schengen treaty and the absence of common security and foreign policies. ++ Whereas the ... MoreJune 9, 2011 | Greece: to Pay or not to PayGermany’s decision “to ask Greece to offer its debt holders a seven-year term extension” draws more attention to the deep economic, social and political deadlock of the heavily indebted state. ++ Against the background of ingrained wide-spread corruption, loss of export competitiveness, enormous price rise, which entailed Greece’s accession to the EU, and the ... MoreApril 14, 2011 | Greece's Democratic Deficit is DeepeningGreece’s major problem may be its lawlessness rather than astronomical levels of public debt. ++ Greece’s Communist Party and the “anarcho-Stalinist Coalition of the Radical Left” believe that by destroying Greece’s economic and democratic institutions, they are bringing the revolution nearer. ++ Unless Greece’s mainstream political parties rise to the challenge and restore the rule of law, ... MoreMay 3, 2010 | EU Needs Culture Change, not Just GreeceGreek PM Papandreou promised to change the financial culture that tolerated pervasive corruption and tax evasion. ++ This week will show whether the financial markets trust him. ++ “Austerity” goes “against the freewheeling, boisterous national spirit that makes Greece such a delightful place to visit.” ++ A culture change in Brussels is equally necessary so that Europe has a union in more than ... MoreMarch 24, 2010 | Eurozone Seeks a Leader: Merkel Says "Nein Danke"“The European Union has been unable to deliver because Chancellor Angela Merkel of Germany, Europe’s biggest, richest country, has been unwilling to lead.” ++ Greece has adopted tough new austerity measures designed to get its fiscal house in order, but thus far Germany has refused to provide the crucial loan guarantees Greece is seeking. ++ If Chancellor Merkel is unwilling to provide such ... MoreMarch 4, 2010 | Helping Greece: Reason Over WrathThe Greek deficit revealed two major flaws in the European integration machine: firstly the sheer absence of a budget deficit watchdog and secondly the lack of either support or sanction if one member state eventually goes bankrupt. ++ Germany, having sacrificed much to the Euro’s implementation, is right to be angry. ++ But rationality should overcome wrath, for the cost of inaction might be ... MoreFebruary 18, 2010 | Why Bailing Out Greece is Not DebatableUnlike the US, the EU is not a federal union and therefore cannot afford to bail out one of its members. ++ Comming to the aid of individual members of the currency union is simply forbidden. ++ The ongoing debate about the possible Greek bail out plan is not relevant. ++ From the starting point, the eurozone was neither economically efficient for all members nor sustainable in the long run when ... MoreFebruary 15, 2010 | Eurozone: One Size Does Not Fit AllSpanish and Greek deficits are a godsend for advocators of fiscal discipline. ++ This is just one aspect of the problem. ++ European elites are being blamed for ignoring signs that proved Europe was not ready for one currency. ++ The inflexibility of the Euro is preventing the Spanish economy for instance, from recovering. ++ The breakup of the Euro is neither likely nor feasible. ++ The ... MoreMarch 24, 2009 | Realism Still Carries the DayThe election of President Obama created hope that realism will cease to determine US foreign policy. ++ But the changing attitude of Obama towards the Armenian genocide prioritizes American-Turkish relations—and American national interest—over human rights and international justice. ++ The emphasis on the strategic interest reveals that it would be “naive” for the Greek ... MoreMarch 13, 2009 | Social Cohesion Depends on Functioning EconomiesThe December 2008 events in Greece were spurred by the shooting of a teenager by the police, yet have deeper roots in the dismal social, economic and political conditions in which the Greek youth finds itself. ++ As the financial crisis challenges what people take for granted, increased crime rates and illegal migration make the ground fertile for social unrest. ++ If the current situation ... MoreDecember 15, 2008 | "Why Greece Is in Turmoil"The riots in Greece are rooted in young people’s dissatisfaction with government policy. ++ Low wages, high prices and fear of unemployment are causing concern. ++ New Democracy and PASOK, which have ruled Greece for the past 34 years, cannot offer solutions. ++ Leftist parties “could be the ones to pick up the pieces.” ++ However, as they “pick up the scent of power” ... MoreJune 3, 2008 | Gridlock Persists in Macedonian Name GameCompromise has yet to be reached on the issue of Macedonia’s official name and national identity, as Greece recently blocked the country from joining NATO, out of fears that a recognized Macedonian nation state would mobilize separatist sentiment among Greece’s Macedonian minority. ++ A weakened Macedonian position would in turn activate Albanian and Bulgarian minority claims and destabilize that ... MoreCommentsOctober 12, 2011 | The main problem in the country is the...July 19, 2011 | I agree, this article makes a very timely...August 12, 2009 | Dear Dr. Efthymiopoulos, may I answer on a... |
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