Dimitris Rapidis

Archives for Austerity Politics

It is a turning point for the Syriza-led government. After more than one year since the painful agreement on a third bailout for the country has been reached, the society and the business world are suffocating under the burden of tax hikes, lack of liquidity from the banks, weak improvement of macroeconomic factors. Unemployment has… » read more

Posted by Dimitris Rapidis

The Greek government is introducing an omnibus bill including the establishment of the new Privatization Fund that will absorb the former one, created by the ND-PASOK government under the framework of the second bailout deal (2012-14). This new Fund has major differences from the previous one. Contrary to the previous one, the new Fund is… » read more

Posted by Dimitris Rapidis

On May 11 the Greek government extended for a fourth consecutive time the law protecting primary residences from foreclosure. This refers to a wide category of non-performing loans (NPLs), covering as well medium-size enterprises with gross annual income lower than 50 million euros, occupying up to 250 employees. This regulation protects 94% of the total… » read more

Posted by Dimitris Rapidis

The alarming increase in child poverty leaves untouched decision-makers in Brussels. It unveils the most appalling facet of the economic crisis, it constitutes a fundamental factor that undermines growth prospects, strongly affects performance at schools, causes problems in the family and psychology issues and breaks down the basic structures and safety nets of the society.… » read more

Posted by Dimitris Rapidis

The release of €2 billion tranche from ESM to Greece has been stalled for one major reason: the far different safety net for proprietors that envoys of institutions and the Greek government are setting with respect to the foresclosures of primary residencies. The issue is huge and the solution seems to necessitate political coordination. During… » read more

Posted by Dimitris Rapidis

Since the spark of the US mortgage crisis in 2008 and the major repercussions that left behind in global scale, Eurozone has entered into a vicious circle of austerity and downfall. The economic stagnation and the myopic insistence on distorting the foundations of a welfare state in the European South (i.e. much more affected by… » read more

Posted by Dimitris Rapidis

  Many were expecting that this debate last night would be extremely boring. They were right as all political leaders had nothing fresh to offer in the discussion. Nonetheless, even in this stiff depiction of Greek political life, we can come to some useful conclusions.   After a first reading, each one of the political… » read more

Posted by Dimitris Rapidis

Bridging Europe published last Friday the first poll towards snap elections in September 20. It is very early and unsafe to provide a solid assessment, but two things are certain: first, undecided voters will define the final turnout; second, coalition government is the most probable scenario. Syriza Alexis Tsipras is the most popular among Greek… » read more

Posted by Dimitris Rapidis