Dimitris Rapidis

Archives for Austerity Politics

One step before reaching an agreement (?) on Greece’s bailout program, the government dispatched today the revised proposal including the extension of the current loan agreement for the next six (6) months, while introducing a moratorium in the implementation of new austerity measures suggested by troika last November. Meanwhile, the ECB decided yesterday to extend… » read more

Posted by Dimitris Rapidis

Time always matter. In 1946 Great Britain’s PM Winston Churchill gave a speech at the University of Zurich pointing out the paramount need for the creation of the “United States of Europe”. The statement of Churchill came after an unprecedentedly devastating war that destroyed Europe in political, human, and economic level. Almost 60 years later,… » read more

Posted by Dimitris Rapidis

These last days we have witnessed a growing “statement war” over the possible outcome of the negotiations in this Wednesday’s Eurogroup and the possibility of “Grexit”. This term that has been so easily used in unofficial statements and media coverage to stir anxiety in the markets and fear in the Greek and European public is… » read more

Posted by Dimitris Rapidis

And here it is now that we are starting pondering on different alternatives on how to manage the debt of Greece and Eurozone. In an interview with The Financial Times, the Greek Minister of Finance Yanis Varoufakis introduced the term “perpetual bond” to explain his plan to ease Greece’s immense debt burden. As the confrontation… » read more

Posted by Dimitris Rapidis

  SYRIZA’s landslide is definitely something many media and political analysts would not expect. Over 900 correspondents from European and international media were in Athens these last weeks to cover one of the most interesting and crucial elections in the Union. Why? Because the radical left party of SYRIZA, a party that until 2010 was… » read more

Posted by Dimitris Rapidis

#Greece: A Dissolving Country

Four years of harsh economic austerity are certainly not a fundamental factor for a country to dissolve. Austerity can be a major factor for social unrest, political instability, extreme poverty and unemployment, growing grievances – but certainly not the departing point for a complete collapse. At least the collapse we have in mind when we… » read more

Posted by Dimitris Rapidis

Mr Pierre Moscovici takes office in less than 10 days, after a tumultuous hearing a couple of weeks earlier. During this month, stock markets were shockingly destabilized with distrust over Eurozone to put again into the spotlight. Recent reports unveiled the weaknesses of the German economy, while Britain is heading into the sixth day of… » read more

Posted by Dimitris Rapidis

Mr. George Katrougalos, PhD, is Professor of Public Law at Democritos University of Thrace, member of the Executive Council of the University, and Constitutional law expert running a robust office in Athens with international appeal. The last years is writing critically on the legal issues of Greek Debt and challenges before domestic and international courts,… » read more

Posted by Dimitris Rapidis

  Austerity politics have always been considered as a strong remedy against macroeconomic instability and a pathway towards consolidating public finances. In a global context, austerity politics have almost always been accompanied with bailout plans and foreign assistance -i.e. loans- that have been provided by other member-states -i.e. member-states of the IMF- or by private… » read more

Posted by Dimitris Rapidis

It is a common belief in sciences, politics and economics, and definitely in decision-making, that when you do not know where you head on, the most possible outcome is that you will take the worse decision. This is the way austerity politics are paving, and especially, this is the way the European Union has chosen… » read more

Posted by Dimitris Rapidis