Dimitris Rapidis

Archives for Global Financial System

  Two leading political figures of the Syriza government have gathered the attention of domestic and global media for visiting Moscow and Beijing respectively. Minister Panagiotis Lafazanis and Vice President of the government Yiannis Dragasakis are endeavoring to broaden and deepen bilateral relations with Russia and China in a truly unsteady European geopolitical and economic… » 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

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

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

The draft report of the Committee on Economic and Monetary Affairs of the European Parliament over the regulations and powers of the European Central Bank to impose sanctions (EC No 2532/98), issued on September 17, includes a rather ambiguous, to be polite, provision, entitling the ECB to decide whether to publish or not decisions of… » read more

Posted by Dimitris Rapidis

The dramatic developments in Ukraine unveil some deep-rooted sovereign issues for this big and historic country. The fall of Yanukovich, while serving the demands of the majority of the people, was not properly prepared to address the issue of post-leadership crisis. None of the involving parts of the opposition have prepared the “next page” and… » read more

Posted by Dimitris Rapidis

Why is India slowing down?

India is one the major parts of the BRICS group. Major in terms of GDP growth, development rate, per capita growth and technological assets. But India is also one of the most fragile economies of the BRICS as well. It does not escape the deceleration of the emerging giants (i.e. China, Russia, Brazil) mainly due… » read more

Posted by Dimitris Rapidis

After the end of World War II the United States assumed the burden of restructuring Europe from the beginning. At that time, Germany was defeated -if not humiliated in the eyes of the Europeans- and entirely devastated, France was supposed to be the new prominent power in Europe, and the United States could build on… » read more

Posted by Dimitris Rapidis

The big grouping of emerging economies called with the acronym “BRICS” (i.e. Brazil, Russia, India, China, South Africa) is cutting its foreign reserves in euro. The essence of this decision is of paramount importance for the global political and economic balances, even if for the moment the image is not so clear.

Posted by Dimitris Rapidis