Grexit And Why It Will Not Happen

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Grexit And Why It Will Not Happen

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Author : Platon Monokroussos
language : en
Publisher:
Release Date : 2015

Grexit And Why It Will Not Happen written by Platon Monokroussos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

Severe cash constraints faced by the Greek Government due to a pretty demanding schedule of interest and amortization payments in the remainder of 2015 have lately engineered a new explosion of sovereign bond spreads and rekindled fears of a GRexit down the road. Such fears have been exacerbated further in late April 2015 as the progress in implementing the February 20th 2015 Eurogroup agreement has proven to be rather slow and the cash-strapped Greek Government is struggling to meet sizeable debt service obligations. As a result, media reports had been speculating on a number of disastrous scenarios, ranging from the imposition of capital controls or the payment of civil servants and various state suppliers with promissory notes to a sovereign default, either within or outside the Economic and Monetary Union. This paper refrains from analyzing the legal and technical complications involved in the materialization of any of the aforementioned scenarios. Instead, it leans on purely economic and political economy considerations to argue that calls for exit are ill advised, potentially involving immense risks not only for Greece, but also for the EMU project as a whole. We take a close look at Greece's past history of drachma devaluations and their outcome, the current high sovereign indebtedness, and the country's persisting competitiveness gap vis-a-vis its main trading partners as well as the effects of financial contagion during the ongoing European Sovereign Debt Crisis. We explain why a GRexit would be a hugely suboptimal (and, in fact, a highly dangerous) strategy to address these problems.

Grexit

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Author : Georgios Papadopoulos
language : en
Publisher: Lulu.com
Release Date :

Grexit written by Georgios Papadopoulos and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Safeguarding The Euro In Times Of Crisis

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Author :
language : en
Publisher:
Release Date : 2019

Safeguarding The Euro In Times Of Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

This book tells the inside story of those who played key roles in setting up the organisations and combatting the crisis. In exclusive interviews, global financial leaders and ESM insiders provide a rich stock of perspectives and anecdotes that bring to life the urgency of the crisis as well as the innovative solutions found to resolve it. The European Stability Mechanism and its temporary predecessor the EFSF provided billions of euros in loans to five hard-hit euro area countries during the European financial and sovereign debt crisis of the early 2000s, helping to safeguard the stability of those countries and the euro area as a whole. Initially, the crisis-torn euro area was ill-equipped institutionally, but the rapid establishment of the firewalls, the assistance programmes, deep‐seated country reforms, the strengthening of European institutions, and extraordinary European Central Bank measures shielded Europe from a euro area break-up. With the EFSF/ESM set-up, its managers aspired to create a new, more entrepreneurial international financial institution, one that is agile enough to respond quickly to new challenges, while still ensuring the strict governance befitting an organisation pursuing a public mission. The euro area has emerged from near disaster in more robust shape. As Europe strives to further strengthen its architecture in preparation for any possible future crises, it is important to reflect upon how the euro area reinvigorated its fortunes and draw the relevant lessons for future crisis management in Europe and beyond.

The Quest For Development Success

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Author : Grzegorz W. Kolodko
language : en
Publisher: Rowman & Littlefield
Release Date : 2021-04-09

The Quest For Development Success written by Grzegorz W. Kolodko and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-09 with Business & Economics categories.

Humanity faces epoch-making challenges arising from the convergence of demographic, social, economic, ecological and political megatrends, which are additionally superimposed by the fatal COVID-19 pandemic and the new Cold War. Traditional economic thought is not able to cope with them. In the conditions of irreversible globalization, these challenges are met by the original concept of a new pragmatism – a peculiar interface between economic theory and practical economic policy for sustainable development. Grzegorz W. Kolodko, an outstanding economist with a world-wide reputation, a public intellectual, successful politician and a globetrotter who has explored the world – clearly writes what is happening in the economy and why, on its links with society and politics, environment, security, culture and technology. The work devotes due attention to the rise of China and the consequences of its global expansion. The unique interdisciplinary approach to the issues discussed makes this book a fascinating read for all professionals interested in the future of a rapidly changing world.

Populism And Liberal Democracy

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Author : Takis S. Pappas
language : en
Publisher: Oxford University Press
Release Date : 2019-04-02

Populism And Liberal Democracy written by Takis S. Pappas and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-02 with Political Science categories.

Populism and Liberal Democracy is the first book to offer a comprehensive theory about populism during both its emergence and consolidation phases in three geographical regions: Europe, Latin America and the United States. Based on the detailed comparison of all significant cases of populist governments (including Argentina, Greece, Peru, Italy, Venezuela, Ecuador, Hungary, and the U.S.) and two cases of populist failure (Spain and Brazil), each of the book's seven chapters addresses a specific question: What is populism? How to distinguish populists from non-populists? What causes populism? How and where does populism thrive? How do populists govern? Who is the populist voter? How does populism endanger democracy? If rising populism is a threat to liberal democratic politics, as this book clearly shows, it is only by answering the questions it posits that populism may be resisted successfully.

Constitutional Change In The European Union

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Author : Andrew Duff
language : en
Publisher: Springer Nature
Release Date : 2022-09-05

Constitutional Change In The European Union written by Andrew Duff and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-05 with Political Science categories.

Europe’s future is contested between those who want to integrate further, those who prefer things to stay as they are, and those who would retreat into nationalism. These divisions impair the government of the European Union and weaken its ability to shoulder more responsibility for its unstable neighbourhood. This open access book analyses the EU’s evolving constitution, arguing that the lack of effective federal government lies at the heart of its problems. It recommends reforms for each EU institution, including those involving treaty change. It makes the case for a unified executive, a more legitimate legislature, and the introduction of a federal treasury and supreme court. It proposes a fresh category of affiliate membership underpinned by a new European security council that would overcome the historic division between the EU and NATO. The book is essential reading for practitioners and students of European integration.

A New Narrative For A New Europe

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Author : Daniel Innerarity
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-10-31

A New Narrative For A New Europe written by Daniel Innerarity and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-31 with Political Science categories.

The book aims at contributing to that debate by offering a new conceptual approach to the core ideas of European integration process (sovereignty, diversity, common challenges, etc).

Brexit And Beyond

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Author : Benjamin Martill
language : en
Publisher: UCL Press
Release Date : 2018-01-29

Brexit And Beyond written by Benjamin Martill and has been published by UCL Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-29 with Political Science categories.

Brexit will have significant consequences for the country, for Europe, and for global order. And yet much discussion of Brexit in the UK has focused on the causes of the vote and on its consequences for the future of British politics. This volume examines the consequences of Brexit for the future of Europe and the European Union, adopting an explicitly regional and future-oriented perspective missing from many existing analyses. Drawing on the expertise of 28 leading scholars from a range of disciplines, Brexit and Beyond offers various different perspectives on the future of Europe, charting the likely effects of Brexit across a range of areas, including institutional relations, political economy, law and justice, foreign affairs, democratic governance, and the idea of Europe itself. Whilst the contributors offer divergent predictions for the future of Europe after Brexit, they share the same conviction that careful scholarly analysis is in need – now more than ever – if we are to understand what lies ahead for the EU. Praise for Brexit and Beyond 'a wide-ranging and thought-provoking tour through the vagaries of British exit, with the question of Europe’s fate never far from sight...Brexit is a wake-up call for the EU. How it responds is an open question—but respond it must. To better understand its options going forward you should turn to this book, which has also been made free online.' Prospect Magazine 'This book explores wonderfully well the bombshell of Brexit: is it a uniquely British phenomenon or part of a wider, existential crisis for the EU? As the tensions and complexities of the Brexit negotiations come to the fore, the collection of essays by leading scholars will prove a very valuable reference for their depth of analysis, their lucidity, and their outlining of future options.' - Kevin Featherstone, Head of the LSE European Institute, London School of Economics 'Brexit and Beyond is a must read. It moves the ongoing debate about what Brexit actually means to a whole new level. While many scholars to date have examined the reasons for the British decision to leave, the crucial question of what Brexit will mean for the future of the European project is often overlooked. No longer. Brexit and Beyond bundles the perspectives of leading scholars of European integration. By doing so, it provides a much needed scholarly guidepost for our understanding of the significance of Brexit, not only for the United Kingdom, but also for the future of the European continent.' - Catherine E. De Vries, Professor in the department of Government, University of Essex and Professor in the department of Political Science and Public Administration Free University Amsterdam 'Brexit and Beyond provides a fascinating (and comprehensive) analysis on the how and why the UK has found itself on the path to exiting the European Union. The talented cast of academic contributors is drawn from a wide variety of disciplines and areas of expertise and this provides a breadth and depth to the analysis of Brexit that is unrivalled. The volume also provides large amounts of expert-informed speculation on the future of both the EU and UK and which is both stimulating and anxiety-inducing.' -Professor Richard Whitman, Head of School, Professor of Politics and International Relations, Director of the Global Europe Centre, University of Kent

Cultural Imperialism And The Decline Of The Liberal Order

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Author : G. Doug Davis
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-12-14

Cultural Imperialism And The Decline Of The Liberal Order written by G. Doug Davis and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-14 with Political Science categories.

The end of the Cold War heralded in a new era for liberalism. Eastern European states adopted democracy and capitalism to gain acceptance by the West. Yet, a mere two decades later, liberalism was in crisis. The rise of illiberal democracies and nationalist movements in the second decade of the twenty-first century have left scholars baffled. How could this happen? Dr's. Davis and Slobodchikoff show that the decline of the liberal order lies within its own ideology: as it champions freedom, liberalism requires its adherents to give up their cultural traditions and adopt the global ethos to be legitimate. Through a systematic analysis of Western and Russian soft power in Poland and Serbia, the authors explain the decline of liberalism and the battle over the balance of power in Eastern Europe.

Looting Greece

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Author : Jack Rasmus
language : en
Publisher: SCB Distributors
Release Date : 2016-09-20

Looting Greece written by Jack Rasmus and has been published by SCB Distributors this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-20 with Political Science categories.

Looting Greece examines how and why the Syriza party, which took power in January 2015 promising to end austerity, and return Greece to economic growth, ended up agreeing to a deal much worse than its political predecessors in 2010 and 2012. Placing the Greek events of 2015 in broader historical perspective, Rasmus argues a radical new neoliberal initiative in Europe has emerged. In the 2015 debt deal the Troika will now directly manage Greece’s economy―running its banks, writing Greece’s budget, vetting and replacing government ministers, exercising veto rights over Greece’s parliament and Executive agencies, dictating its taxes, and implanting ‘Troika Commissars’ to watch over and approve day to day decisions of Greek government at all levels. Looting Greece explains how a new kind of financial imperialism is emerging in Greece, Europe’s periphery, and soon elsewhere.