Dimitris Rapidis

Archives for European Commission

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

  The month-long negotiations between the Greek government and Eurozone ended up temporarily with the adoption of a 4-month extension of the current bailout program during which the Greek government is bound to undertake a specific course of action regarding these structural reforms that will convince the creditors that Greece is ready to receive the… » read more

Posted by Dimitris Rapidis

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

The pressure on the new Greek government is immense since the first day in power. A growing pressure that stems from every possibly side: from international media; from EU leaders; from opinion-makers; from the market; domestically in Greece, from different voices proclaiming themselves “democrats” that vie for the future of Greece, its citizens, its prosperity,… » read more

Posted by Dimitris Rapidis

It has been months since the President of ECB Mario Draghi has announced his intention to implement the so-called “quantitative easing”, adopting a similar decision of the US Fed to calm down pressures over the bonds market. So far his intention / decision has been blocked by Germany and Chancellor Merkel, who is reluctant to… » read more

Posted by Dimitris Rapidis

Dimitri B. Papadimitriou is a leading scholar and policy-maker, President of the Levy Economics Institute of Bard College in New York. Himself as well as the Levy Institute have invested during the last couple of years in the explanation of sovereign debt crisis in Eurozone and Greece, endeavoring to enrich the debate with policy proposals… » read more

Posted by Dimitris Rapidis

It is only about commerce or energy, Ukraine or Georgia, or even the perception of Putin’s authoritative leadership by the Westerners that are lately put under scrutiny. To the contrary, it is something more than that that has kept Western Europe-Russia ties so close all along the previous centuries. And these are the historical and… » read more

Posted by Dimitris Rapidis