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2. Greco-Turkish relations at their lowest ebb
- Author:
- Alexia Kefalas
- Publication Date:
- 11-2022
- Content Type:
- Policy Brief
- Institution:
- Robert Schuman Foundation (RSF)
- Abstract:
- What really happened on 6th October in Prague? This question has been on the minds of European analysts since the dinner held in the Czech capital on the side-lines of the first summit meeting of the European Political Community. Versions vary between the international press and the 44 heads of state and government.
- Topic:
- Foreign Policy, Diplomacy, and Bilateral Relations
- Political Geography:
- Europe, Turkey, Middle East, and Greece
3. Holding the Hard-line: What is behind Iran’s seizure of Greek ships in Arabian Gulf?
- Author:
- FARAS
- Publication Date:
- 06-2022
- Content Type:
- Policy Brief
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- On May 27, Iran seized two Greek tankers, named “Prudent Warrior” and “Delta Poseidon”, in the Arabian Gulf. Forces from the Islamic Revolutionary Guard Corps (IRGC) descended on the tankers and ordered them to sail to Bandar Abbas port. Onboard the tankers were 49 crew members. Greece described the operation as ‘piracy’. The seizure seems to be a reprisal for Greece’s role earlier in the month assisting the US impounding a Russian-flagged tanker transporting Iranian oil and carrying 19 crew.
- Topic:
- Security, Foreign Policy, Sanctions, Maritime, and Shipping
- Political Geography:
- Iran, Middle East, Israel, and Greece
4. The US economic presence in Greece – George Tzogopoulos
- Author:
- George Tzogopoulos
- Publication Date:
- 12-2022
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The excellent status of Greek-American relations is reflected in the economic sphere. The stock of American Foreign Direct Investment (FDI) in Greece has increased in the recent years. The technology sector has captured the attention of American digital giants, which have displayed a tendency to choose to build some of their innovation hubs in Greece. Although this is not a new phenomenon, the last few years have seen several new investments, as well as an increasing number of tech-labs in which Greece’s digital ecosystem flourishes. Over and beyond Greece’s digital transformation, the country’s shift toward green energy has sparked the interest of American companies, keen to explore opportunities. In tandem, the US is a critical supplier of liquefied natural gas (LNG) to Greece, which is, in addition, slowly acquiring the infrastructure capacity to function as an artery through which American LNG can be transported to other markets in the Balkans. Greek ship-owners are playing a significant role in the new energy market. The investment of ONEX in Syros is crucial for Greek-American co-operation in the maritime sector and could possibly be replicated in the Elefsis shipyards. The real estate sector appears attractive for American companies. Focused principally on the acquisition and/or renovation of hotels, this is expected to boost the tendency of American tourists to return to Greece after the two-years hiatus imposed by the COVID-19 pandemic. The positive momentum could also encourage more American students to study in Greece. The volume of Greek-American trade has steadily increased since 2016, with Greece maintaining a diminishing surplus.
- Topic:
- Science and Technology, Bilateral Relations, Economy, Trade, Real Estate, and Digital Transition
- Political Geography:
- Europe, Greece, North America, and United States of America
5. The Eastern Mediterranean conflict: From Turkey-Greece confrontation to regional power struggles
- Author:
- Toni Alaranta
- Publication Date:
- 03-2021
- Content Type:
- Policy Brief
- Institution:
- Finnish Institute of International Affairs
- Abstract:
- For several decades, the Eastern Mediterranean confict consisted of a three-part struggle over territorial wa- ters, sovereignty and exclusionary national narratives between Turkey, Greece, and the Republic of Cyprus. Its origins can be traced as far back as the Greek War of Independence in the 1830s, the Lausanne Peace Trea- ty determining the current borders of the Republic of Turkey in 1923, and the failed bicommunal federal state established in Cyprus in 1960. Regarding the Cyprus confict, the best – but ultimately lost – opportunity to resolve the issue was the 2004 Annan Plan for a bicom- munal federal state. Today, the Eastern Mediterranean confict is a multi-level and multi-actor power strug- gle that is unlikely to wane any time soon. In addition to Turkey, Greece, and Cyprus, it also includes actors such as France, Italy, Libya, Egypt, and the United Arab Emirates. Tis Briefng Paper frst identifes the main actors involved, and then proceeds to analyze the key de- terminants of the confict. Te paper concludes that tension in the Eastern Mediterranean will continue in the foreseeable future. A full military confrontation is unlikely, however, as NATO can provide a necessary platform for a Greece-Turkey de-escalation. Tis is likely to prevent an actual war, but will not be enough to produce any lasting solution in the increasingly confict-ridden Eastern Mediterranean regional power struggle.
- Topic:
- Security, Conflict, Regionalism, and Rivalry
- Political Geography:
- Europe, Turkey, and Greece
6. Detention as the Default: How Greece, with the support of the EU, is generalizing administrative detention of migrants
- Author:
- Vasilis Papastergiou
- Publication Date:
- 11-2021
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- Putting migrants and asylum seekers into detention for administrative reasons is a common practice in Greece, despite this policy contravening human rights. Greek authorities are using detention and the new EU-funded closed compounds as a way to discourage people from seeking asylum in Europe. Detention, as outlined in Greek law, should only be used as a final resort and only then in specific instances. Detention carries with it not only a financial cost, but also a considerable moral cost. Detention without just cause violates basic human rights, such as freedom of movement, the right to health and the right to family life. Alternatives to detention exist and must be prioritized.
- Topic:
- Human Rights, Humanitarian Crisis, Detention, and Migrants
- Political Geography:
- Europe and Greece
7. Making Connectivity Work: Transforming the Port of Thessaloniki into a Top Hub for Southeast Europe and Beyond
- Author:
- Panagiotis Paschalidis and Georgia Anastasiou
- Publication Date:
- 05-2021
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The Thessaloniki Port has all the necessary elements to become a top regional, South-East European and international trade hub. The Thessaloniki Port Authority has adopted extrovert and proactive policies for strengthening cooperation with neighboring countries. The Thessaloniki Port’s impact can become even stronger if it is approached and designed on the basis of the notion of connectivity. Connectivity entails the upgrading of both technical and material aspects such as trade and commercial infrastructure (hard module) as well as the institutional and policy framework of cooperation such as agreements at the bilateral and multilateral level with neighboring countries (soft module). The drastic normalization of relations between Greece and North Macedonia can be viewed as an example of a comprehensive upgrading of connectivity with tangible benefits for the improvement of the Port’s regional and international role.
- Topic:
- International Cooperation, Infrastructure, Trade, and Port
- Political Geography:
- Europe, Greece, and Thessaloniki
8. Emigration and Fiscal Austerity in the Greek Depression
- Author:
- Eugenia Vella
- Publication Date:
- 05-2021
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- What is the role of emigration in a deep recession when the government implements fiscal consolidation? Our macroeconomic model simulations show that fiscal austerity accounts for 1/3 of the output drop in the Greek Depression and more than 10% of migration outflows. In a no-emigration counterfactual scenario, the model predicts a smaller output fall by 20%. We also uncover a novel bi-directional link between emigration and austerity. On the one hand, labour income tax hikes induce prolonged migration outflows, while spending cuts exert a smaller effect. On the other hand, emigration increases the required tax hike and time to meet a given debt target due to endogenous revenue leakage. In terms of unemployment, temporary gains from emigration are reversed over time.
- Topic:
- Austerity, Fiscal Policy, Emigration, and Economic Crisis
- Political Geography:
- Europe and Greece
9. Citizens’ views on fake news and false narratives about the European Union – FACTS project
- Author:
- George Andreou
- Publication Date:
- 10-2021
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- There is more unison than discrepancy in Greek citizens’ perceptions regarding the European Union. National identity continues to shape and frame the way most Greeks perceive the EU, interpret its activities, and evaluate its role. Participants have a positive image of the EU. However, there is a widespread feeling of disappointment towards an EU that “does not function on equal terms for all”. The general public lacks basic knowledge about the EU and what it stands for, about the respective roles of the Union and its member states, as well as about the ways EU and national officials engage in policy-making. Greeks are very vulnerable to disinformation about the EU, as relevant and reliable information is scarce in the domestic media. Many mobilized citizens feel that information from EU sources is not addressed to all, but only to those who have a strong personal and/or professional motivation. Non-mobilized citizens appear quite distant from information regarding the EU. Lack of solidarity between member states breeds apathy and a lack of interest in the EU among EU citizens. The most effective strategy against disinformation is improving communication between the EU and its citizens, and cultivating trust.
- Topic:
- Public Opinion, European Union, Disinformation, Misinformation, and Fake News
- Political Geography:
- Europe and Greece
10. Greece, Russia and the EU: The Way Forward
- Author:
- George Tzogopoulos
- Publication Date:
- 12-2021
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The visit of PM Mitsotakis to Sochi could open a new chapter in Greek-Russian relations as bilateral deals are in the pipeline. The Greek position is firm and unchanging: a normalization of EU-Russian relations would be in Europe’s best interests. The Greek government might be prepared to help bring about a new EU-Russia dialogue. The strengthening of Greek-American relations will not prevent Greece from employing a multidimensional foreign policy, vis-à-vis Russia, too. Stronger Greek-Russian relations could send a message to Turkey that some of its regional policies are alienating other actors. Greek-Russian relations enjoy greater historical depth than Turkish-Russian relations. While its strategic commitment to NATO and the EU remains steadfast, Greece is a valuable partner for Russia. Greece is in the process of diversifying its sources of natural gas imports, but considers Russia a critical market.
- Topic:
- International Relations, Foreign Policy, European Union, and Imports
- Political Geography:
- Russia, Europe, and Greece
11. Greece and Turkey: A Prime Example of a Complicated Relationship
- Author:
- Sofia Maria Satanakis
- Publication Date:
- 07-2021
- Content Type:
- Policy Brief
- Institution:
- Institute for Development and International Relations (IRMO)
- Abstract:
- The relations between Greece and Turkey are known to be historically tense and problematic. Despite being NATO allies, their relationship has been marked by various crises over the past decades and often caught the attention of the international community. Greece, on the intermittent military coups (1960, 1971, 1980), while as early as 1964, it became an associate member of the European Community; the goal being to ultimately join the ‘club’ – as Greece did back in 1981.
- Topic:
- Diplomacy, International Cooperation, Bilateral Relations, Conflict, and Rivalry
- Political Geography:
- Europe, Turkey, and Greece
12. It’s Time for a New Deal
- Author:
- Constantine Michalopoulos
- Publication Date:
- 01-2020
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The prospects of the Greek economy are mostly good with growth continuing for the fourth straight year. But there is a sense of disappointment, as the recovery has not been very strong and pre-crisis income levels will not be regained for another decade. There are two main reasons for the sluggish recovery: The European creditors have imposed on Greece the requirement to run a primary budget surplus of 3.5% of GDP for five years to ensure that they get repaid—a requirement that constricts growth of the Greek private sector—through heavy taxation of consumers and business. And domestic investment is sluggish, although there are plenty of unutilized resources, such as those provided by the European Structural Funds. There is a need for a new deal with the European Institutions: the Europeans should be more relaxed about getting repaid because of Greece’s much improved access to the European capital markets and be willing to accept a Greek government commitment to a significantly lower primary budget surplus for the next several years. In exchange the Greek government should commit to a commensurate increase in domestic investment through reforms of the banking sector as well as greater public sector investment spending.
- Topic:
- Government, Financial Crisis, Economy, Economic Growth, and Public Spending
- Political Geography:
- Europe and Greece
13. Refugees at the gate of Europe
- Author:
- Angeliki Dimitriadi
- Publication Date:
- 04-2020
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The recent crisis in Evros brought back to the fore the issue of immigration and Turkey’s role in its instrumentalization. The EU-Turkey Statement has not had the expected outcomes. Rather it showed that prevention policies and the outsourcing of migration management strengthens transit countries such as Turkey, without resulting in a a steady reduction in flows. Greece remains a country that bears a disproportionate burden of responsibility due to its geographical location. At the same time, it has delayed in the planning of a holistic immigration policy, which should aim, among other things, to ensure human living conditions, substantial access to asylum and result in the integration of those who will remain in the country. COVID 19 will bring about significant socioeconomic changes globally as well as impact human rights. Practices of the past do not necessarily fit for the new reality and this is the biggest challenge for Greece and the EU; a willingness to move forward by investing on migration within Europe and beyond. It will not be easy, and it will come at a high financial (and likely political) cost. The pandemic makes any long-term commitments seem impossible, however the alternative scenario, of deterrence and outsourcing is already proving insufficient. Balancing the scales is a challenge which the EU cannot afford to lose.
- Topic:
- Human Rights, Migration, European Union, Refugees, and COVID-19
- Political Geography:
- Europe, Turkey, Greece, and Mediterranean
14. Greece and Israeli-Turkish relations
- Author:
- George Tzogopoulos
- Publication Date:
- 05-2020
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- This essay by Dr. George Tzogopoulos, focuses on the multidimensional nature of Greek-Israeli relations. The understanding of the depth of these relations can explain why the two countries – along with Cyprus – are interested in coming closer. On the other hand, the effort of Israel and Turkey to normalize bilateral ties – already under way since 2016 – is a logical development that deserves attention. However, it is not related to the future evolution of Greek-Israeli collaboration. The evolution of Greek-Israeli relations in the last decade and trilateral Greece-Israel-Cyprus summits outline the common interest of the three countries to enrich their cooperation. Israel and Turkey have started since 2016 to normalize their relations. This is an ongoing process that has evolved in a period during which Greece, Israel and Cyprus charted a joint course in the Eastern Mediterranean. Israel and Turkey are expected to find a modus vivendi by agreeing on some issues and disagreeing on others. A potential Turkish-Israeli collaboration against Iran in Syria might pave the way for new synergies between Israel and Turkey. This is a highly controversial and complicated matter that entails risks for Ankara.
- Topic:
- Foreign Policy, Diplomacy, International Cooperation, and Bilateral Relations
- Political Geography:
- Europe, Iran, Turkey, Middle East, Israel, Greece, and Syria
15. Looking for a bridge over troubled waters: the forthcoming New Pact on Migration and Asylum
- Author:
- Angeliki Dimitriadi
- Publication Date:
- 06-2020
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- On the occasion of the World Refugee Day, 20th of June, ELIAMEP publishes a Policy Brief on the forthcoming New Pact on Migration and Asylum, by Dr. Angeliki Dimitriadi, Senior Research Fellow and Head of ELIAMEP’s Migration Programme. COVID-19 has affected access to asylum. Border closures have prevented in many cases asylum seekers from reaching safety, or made them face prolonged delays in their asylum application. The New Pact on Migration and Asylum is expected to be announced by the end of June. It is one of the biggest challenges facing the current European Commission, which is called upon to submit proposals that will be accepted by the Member States with different perspectives but also asylum and immigration needs. The biggest challenge, however, is to ensure that the right and access to asylum is fully preserved and will be a priority for the Union for years to come. In the midst of ongoing conflicts, extreme poverty and increasingly restrictive practices at the external border, it is perhaps the last chance to ground a common migration and asylum policy on the the principles of humanity and solidarity, between Member States and towards asylum seekers. The New Pact for Asylum and Migration will seek to bridge the differences between Member States on the solidarity, burden-sharing and common asylum processes. Southern member states have tabled a detailed proposal on the way forward grounded on mandatory solidarity. Forced movement will continue and likely be exacerbated due to the impact of COVID-19 in critical regions like Africa and Southeast Asia.
- Topic:
- Migration, Treaties and Agreements, European Union, Refugees, Borders, Asylum, and COVID-19
- Political Geography:
- Europe and Greece
16. Taking the EU out of the EastMed pipeline quagmire
- Author:
- Sofia López Piqueres
- Publication Date:
- 09-2020
- Content Type:
- Policy Brief
- Institution:
- European Policy Centre (EPC)
- Abstract:
- The recent escalating tensions between Greece and the Republic of Cyprus on the one hand and Turkey on the other have shown how contentious the issue of energy is in the Eastern Mediterranean. The planned EastMed pipeline is a case in point. But, paradoxically, adopting a ‘selective engagement’ approach and focusing on the energy and climate dimensions of the countries’ relations could be a starting point to rebuild trust. A discussion on the future of the EastMed project, in particular, could present an opportunity to get all parties at the table and diffuse the situation. To play a constructive role in this, the EU must act in the spirit of the Green Deal and stop investing in the EastMed pipeline, and find ways to encourage Greece, Cyprus and Turkey to make the shift to renewables now and ditch offshore gas exploration altogether.
- Topic:
- Energy Policy, Oil, Gas, Renewable Energy, and Pipeline
- Political Geography:
- Turkey, Greece, Cyprus, and Mediterranean
17. Turkey and Greece: pouring gas on the eastern Mediterranean dispute
- Author:
- Al Jazeera Center for Studies
- Publication Date:
- 09-2020
- Content Type:
- Policy Brief
- Institution:
- Al Jazeera Center for Studies
- Abstract:
- The Turkish-Greek conflict over maritime borders is unlike any other in the world. Not only does it involve potentially vast wealth under the seabed in the Aegean and the eastern Mediterranean, it relies on diverse and competing legal sources and interpretations.
- Topic:
- Oil, Bilateral Relations, Natural Resources, Maritime, and Borders
- Political Geography:
- Turkey, Greece, and Mediterranean
18. Bulgaria sets tough conditions on North Macedonia’s EU accession path
- Author:
- Yorgos Christidis
- Publication Date:
- 11-2019
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- The hardening of Sofia’s position vis-à-vis North Macedonia and the attempt to condition Skopje’s accession process upon the previous satisfaction of a number of key Bulgarian preconditions undoubtedly constitutes a critical moment in bilateral, Bulgarian-North Macedonian relations. No Bulgarian government in the future may easily ignore or abandon these strict conditions. Sofia has “bound itself” into a tough diplomatic position, reminiscent of Greek policy vis-à-vis North Macedonia, where dominant perceptions of history-identity and a feeling of diplomatic superiority dictated a strict diplomatic position that no Greek government dared to openly question, let alone abandon. Some of the key Bulgarian demands on history, however, touch upon fundamental aspects of the North Macedonian national narrative and nation-building and it will be hard for any government in Skopje to accept. It will certainly take a lot of good will and creative thinking by both sides in order to move forward.
- Topic:
- Foreign Policy, Diplomacy, and European Union
- Political Geography:
- Europe, Greece, Bulgaria, and North Macedonia
19. Asylum-seekers’ integration: The time has come
- Author:
- Haris Malamidis
- Publication Date:
- 12-2019
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- Although four years have passed since the 2015 refugee “crisis”, Greece’s reception system is still inadequate in serving the needs of the arriving populations. Since current debates focus on the weaknesses of the reception system, the issue of asylum-seekers and refugees’ integration has been indirectly outweighed. Without underestimating the issue of reception, this policy brief argues that the current political, social and environmental developments highlight the need to move towards decentralized and locally-oriented integration policies. After discussing the past context and the current developments of migration in Greece, we highlight the political, utilitarian and moral reasons that render integration policies both necessary and beneficiary for the domestic and migrant populations. Finally, we conclude with some recommendations regarding the way forward.
- Topic:
- Migration, European Union, Refugees, Asylum, and Integration
- Political Geography:
- Europe and Greece
20. Vulnerable Asylum Seekers and Irregular Migrants in Albania: Trends, Challenges, and Policy Solutions
- Publication Date:
- 06-2019
- Content Type:
- Policy Brief
- Institution:
- Institute for Democracy and Mediation (IDM)
- Abstract:
- During the last few years (2015-2018), Albania has witnessed an increased influx of irregular migrants entering the country, mostly via the southern border with Greece. The influx of irregular migrants intercepted in Albania during 2018 was around 5,730 foreign nationals, almost five times higher than in 2017. The share of women and children went up as well in 2018. Many migrants resort to smugglers and criminal networks to avoid detention while crossing borders illegally, often due to a scarcity of other viable and safe avenues for migration. Though Albania is considered a transit path in the “Western Balkan route”, the massive irregular flows of migrants raise the risk of vulnerable groups falling prey to human trafficking and sexual exploitation. The policy brief explores the current immigration trends in Albania and outlines some of the main challenges that the country faces, with a particular focus on vulnerable groups of asylum seekers and irregular migrants, such as unaccompanied and separated children, women, and minors who might potentially be victims of trafficking, exploitation, and abuse.
- Topic:
- Crime, Human Rights, Migration, Immigration, Immigrants, and Asylum
- Political Geography:
- Europe, Greece, Balkans, and Albania
21. Guatemala’s Achilles’ Heel: The 2030 Agenda and the Fight against Corruption
- Author:
- Jimena Leiva Roesch
- Publication Date:
- 05-2019
- Content Type:
- Policy Brief
- Institution:
- International Peace Institute
- Abstract:
- In late 2015, momentum toward implementation of the 2030 Agenda for Sustainable Development was steadily building in Guatemala. This momentum was driven by the International Commission against Impunity in Guatemala (CICIG) and protesters in the streets demanding action against corruption. Since 2017, however, a political standoff in Guatemala has started reversing these gains. A sustained reversal would undermine efforts to address the country’s longstanding socioeconomic needs. This study analyzes recent gains and setbacks in Guatemala’s efforts to implement the 2030 Agenda and provides recommendations for ways the country can fight corruption and securitization to sustain peace and promote sustainable development. It suggests better communicating the 2030 Agenda through multi-stakeholder outreach, improving monitoring or progress, aligning international aid with local objectives, and continuing to engage with the private sector. This issue brief is part of the International Peace Institute’s (IPI) SDGs4Peace project, which seeks to understand how the 2030 Agenda is being rooted at the national and local levels and to support the implementation of the Sustainable Development Goals. The project focuses on five case studies: Guatemala, the Gambia, Greece, Lebanon, and Myanmar. Implementation of the 2030 Agenda provides each of these countries an opportunity not only to buttress existing aspirations but also to build new partnerships that transcend traditional approaches.
- Topic:
- Corruption, Development, Sustainable Development Goals, and Peace
- Political Geography:
- Greece, South America, Lebanon, Guatemala, Myanmar, and Gambia
22. How to Solve the Greek Debt Problem
- Author:
- Jeromin Zettelmeyer et al
- Publication Date:
- 04-2018
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Greece’s debt currently stands at close to €330 billion, over 180 percent of GDP, with almost 70 percent owed to European official creditors. The fact that Greece’s public debts must be restructured is by now widely accepted. What remains controversial, however, is the extent of debt relief needed to make Greece’s debt sustainable.
- Topic:
- International Political Economy and International Affairs
- Political Geography:
- Greece
23. Progress in resolving the Greek-Macedonian name dispute
- Author:
- Erwan Fouéré
- Publication Date:
- 06-2018
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Some might argue that Macedonia is being asked to pay an unduly heavy price simply for the sake of starting EU accession negotiations, while others will believe that the Agreement reached last weekend is well worth that price. Of all the many bilateral disputes that continue to cast a shadow over the Western Balkan region, none is more symbolic of the deep-rooted legacy of history and the politics of identity and nationalism that pervade the region than the dispute that has divided the two neighbouring countries, Greece and Macedonia, for decades and more recently since the latter’s independence in 1991 following the break-up of the former Yugoslavia. Greece, whose northern province is also called Macedonia, used every opportunity to make clear its objection to what it perceived as the appropriation by Macedonia of the heritage of Alexander the Great, and what it called its “irredentist behaviour”. Macedonia’s admission to the UN under the provisional name of the “former Yugoslav Republic of Macedonia” was blocked for over a year until 1993. The Interim Agreement of 1995 lifted the 20-month Greek blockade against Macedonia and committed both sides to continue negotiations under UN auspices and enjoined Greece from blocking Macedonia’s application for membership in other international bodies as long as it did so under the provisional name. Under the patient guidance of the UN mediator Matthew Nimetz appointed in 1995, various attempts were made over the years to find a compromise solution. These intensified in the run-up to the 2008 NATO Summit when Macedonia expected to be admitted as a new member alongside Croatia and Albania. But because of Greece’s continued objections despite the Interim Agreement of 1995, only Croatia and Albania were admitted. This dealt a severe blow to Macedonia’s foreign policy aspirations, and resulted in a hardening of the populist behaviour of the then Prime Minister Nikola Gruevski. The latter had already infuriated his Greek neighbours by renaming the Skopje city airport Alexander the Great airport in the previous year. Although he initiated contacts with George Papandreou, the newly elected Prime Minister of Greece in 2009, Gruevski used the continuing dispute as a barely disguised fig leaf for his increasingly authoritarian rule and a massive building spree in Skopje. This included a 23-metre statue euphemistically called “warrior on a horse”, but clearly meant as a symbol of Alexander the Great. Using financial resources that the country could ill afford, Gruevski sought to portray himself through these monumental works of dubious quality and design as the defender of the Macedonian identity. Mr Gruevski is now facing a two-year prison sentence for corruption, which he is appealing, and four other charges of alleged abuse of power, electoral fraud, violation of public procurement laws and criminal behaviour against the public order.
- Topic:
- Nationalism, Treaties and Agreements, European Union, Identity, and Disputes
- Political Geography:
- Europe, Greece, and Macedonia
24. Transitioning to a Government-Run Refugee and Migrant Response in Greece: A Joint NGO Roadmap for More Fair and Humane Policies
- Author:
- Oxfam Publishing
- Publication Date:
- 12-2017
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- Two years on from the peak of the ‘refugee crisis’ in Greece, the Greek state is beginning to take over management and financing of aspects of the reception and integration system, and many international nongovernmental organisations (NGOs) that came to assist with the then-humanitarian emergency are downsizing or preparing to exit the country entirely. At this turning point, the 13 undersigned NGOs believe it is critical to reflect on our field experiences, build on the progress collectively made, and provide recommendations for a smooth transition and a sustainable Greek Government-managed refugee and migrant reception and integration system. The transition to a government-run response is a positive step if implemented transparently, promptly, and in close collaboration with local governments, as well as the organisations currently providing services, soon to fall under the responsibility of the Greek Government. It is under this current state of affairs, and with the goal of preventing regression, that we write this report.
- Topic:
- Migration, Governance, Refugees, and Displacement
- Political Geography:
- Europe and Greece
25. Reinventing Asian Populism: Jokowi's Rise, Democracy, and Political Contestation in Indonesia
- Author:
- Marcus Mietzner
- Publication Date:
- 02-2015
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- In the last two decades, populists around the world have celebrated a renaissance. As the role of political parties declines, and globalization creates socioeconomic uncertainties that unsettle anxious electorates, anti-establishment figures or movements have found it easy to attract support. Whether Hugo Chavez in Venezuela, Thaksin Shinawatra in Thailand, Narendra Modi in India, or Alexis Tsipras in Greece, populists have been able to mobilize voters by attacking a supposedly collective enemy (mostly, domestic or foreign forces accused of exploiting the country's economic resources) and by appealing to the poor as their main constituency. In some cases, populists have been so successful at the ballot box that established political forces resorted to violence to try removing them—as evidenced by the failed coup against Chavez in 2002, and the military overthrows of Thaksin in 2006 and of his sister, Yingluck, in 2014.
- Political Geography:
- Indonesia, India, Greece, Venezuela, and Thailand
26. From Populist Destabilization to Reform and Possible Debt Relief in Greece
- Author:
- William R. Cline
- Publication Date:
- 08-2015
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Using his European Debt Simulation Model (EDSM), Cline examines whether and to what extent additional debt relief is needed in Greece under the new circumstances. Greece's debt burden is significantly lower than implied by the ratio of its gross debt to GDP, because of concessional interest rates on debt owed predominantly to the euro area official sector. The IMF's call for debt relief recognizes the lower interest burden but argues that the gross financing requirement is on track to exceed a sustainable range of 15 to 20 percent. But in the Fund's June Debt Sustainability Analysis that threshold would not be exceeded until after 2030. A sustainability diagnosis based on such a distant future date would seem at best illustrative rather than definitive. The euro area creditors might, nonetheless, be well advised to provide two types of interest relief: an earmarked portion of interest otherwise due to finance a public works employment program; and additional interest relief to compensate for budget shortfalls caused by growth below plan levels. The sovereign debt situation should be alleviated by carrying out the bank recapitalization directly from the European Stability Mechanism to the banks, rather than through the sovereign as the intermediary. The large increase in the ratio of gross debt to GDP imposed by bank recapitalization is mostly an optical illusion because there would be a corresponding rise in state assets, but this increase could, nonetheless, further erode perceptions of sustainability.
- Topic:
- Debt, Economics, International Monetary Fund, Financial Crisis, and Budget
- Political Geography:
- Greece
27. Turkey focus policy brief no:2 cyprus: is peace ever possible?
- Author:
- Baroness Hussein-Ece OBE
- Publication Date:
- 01-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for Strategic Research and Analysis (CESRAN)
- Abstract:
- Last week the All Party Parliamentary Group on Conflict Issues, held an event in Westminster. The meeting introduced a new concept where a network of Greek Cypriot and Turkish Cypriot civil society organisations (CSOs) were calling for a shake-up of the Cyprus peace process. They made a strong case to include a more central and active role for civil society, woman and young people to work in tandem with negotiations between the leaders of the two communities.
- Topic:
- Conflict Resolution and International Relations
- Political Geography:
- Turkey and Greece
28. Southern Europe Ignores Lessons from Latvia at Its Peril
- Author:
- Anders Åslund
- Publication Date:
- 06-2012
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- In the current financial crisis plaguing Europe, Latvia stands out for resolving its financial problems quickly and resolutely. After contracting 24 percent in 2008 and 2009, it grew at the rate of 5.5 percent in 2011. The speed and determination. with which the government carried out austerity measures in 2009 and restored confidence after suffering the worst output decline is a crucial lesson for the ailing South European countries—Greece, Italy, Portugal, and Spain. Many policy observers and economists have dismissed Latvia's crisis resolution as irrelevant to the situation in Southern Europe. The Latvian orange, they say, cannot be compared with the South European apples. I argue otherwise.
- Topic:
- Economics, International Trade and Finance, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe, Greece, and Latvia
29. Stepping up Growth Policies
- Author:
- Stefano Micossi
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The eurozone is in recession and will show negative growth in 2012; GDP will fall sharply in Greece and Portugal, and there is substantial risk that Spain and Italy will follow suit (the Commission's recent forecasts seem overly optimistic and complacent; the IMF is more downbeat). But fiscal policies are uniformly restrictive throughout the eurozone and much of the Union, and the hopes that fiscal consolidation could spur growth by improving household and business confidence are not materialising. In reality, domestic demand has been hit too hard by fiscal consolidation, and investment throughout the Union remains well below pre- crisis levels. Credit is tight due to the deteriorating quality of borrowers and the ongoing deleveraging in banking.
- Topic:
- Economics, Foreign Exchange, International Trade and Finance, Markets, and Financial Crisis
- Political Geography:
- Europe and Greece
30. Liquidity in times of crisis: Even the ESM needs it
- Author:
- Daniel Gros and Thomas Mayer
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- This paper argues that the new permanent European rescue fund, the European Stability Mechanism (ESM), should be provided with a liquidity backstop by having it registered as a bank – and be treated as such by the European Central Bank. If the crisis were to become acute again, the ESM would stand ready to intervene in secondary markets, potentially with almost unlimited amounts of funding. Access to central bank financing will be crucial in a future crisis, because in such a crisis risk aversion is likely to be extreme, and even the ESM might not be able to raise at very short notice the huge sums that might be required to prevent a breakdown of the financial system. Hundreds of billions of euro might be needed just to top up the programmes for Greece, Ireland and Portugal – and Spain and Italy may require more than a thousand billion euro. Sums of this order of magnitude cannot be raised quickly by a new institution. Simply increasing the headline size of the ESM might thus be of little use.
- Topic:
- Debt, Economics, Monetary Policy, and Financial Crisis
- Political Geography:
- Greece, Spain, Italy, Portugal, and Ireland
31. In Search of Symmetry in the Eurozone
- Author:
- Paul De Grauwe
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- One of the major problems of the eurozone is the divergence of the competitive positions that have built up since the early 2000s. This divergence has led to major imbalances in the eurozone where the countries that have seen their competitive positions deteriorate (mainly the so - called ' PIIGS ' – Portugal, Ireland, Italy, Greece and Spain ) have accumulated large current account deficits and thus external indebtedness, matched by current account surpluses of the countries that have improved their competitive positions (mainly Germany).
- Topic:
- Economics, Markets, Regional Cooperation, Global Recession, and Financial Crisis
- Political Geography:
- Europe, Greece, Germany, Spain, Italy, Portugal, and Ireland
32. An Agenda for the European Council: Feasible steps to bring the eurozone back from the precipice
- Author:
- Stefano Micossi
- Publication Date:
- 06-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Once again the European Council will meet in an emergency session at the end of June, with the eurozone economy in recession and actually plummeting in its Southern periphery. Further doubts are also growing on the sustainability of sovereign debts due to the vicious spiral of deteriorating bank balance sheets, ballooning potential liabilities from banking rescues and widening spreads on government borrowings. The sovereign debt crisis in the periphery has now turned into a fully fledged banking crisis that threatens to spread from Greece to Spain and tomorrow, who knows, to Italy, France and even Germany itself.
- Topic:
- Debt, Economics, Regional Cooperation, Financial Crisis, and Governance
- Political Geography:
- Europe, Greece, France, Germany, Spain, and Italy
33. 'Grexit': Who would pay for it?
- Author:
- Daniel Gros, Cinzia Alcidi, and Alessandro Giovannini
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- What would be the cost if Greece were to exit from the eurozone? This much-debated question cannot be answered with a single number. The consequences of Greece's exit would depend decisively on the exact circumstances of events in the country itself as well as the general state of financial markets in the eurozone.
- Topic:
- Debt, Markets, Regional Cooperation, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe and Greece
34. Republic of Cyprus: Parliamentary Elections of 2011
- Author:
- Lenka Peťková
- Publication Date:
- 06-2011
- Content Type:
- Policy Brief
- Institution:
- Global Political Trends Center (GPoT)
- Abstract:
- The UN Good Offices’ website1 featuring the latest updates on the UN-sponsored Cyprus talks currently gives the accord of 110 meetings of the Greek Cypriot and Turkish Cypriot leaders, which translates into a frequency of one meeting in every 9 days. Yet, when the RoC celebrated its 50th anniversary in the Autumn of 2010, the island was still cut into two parts by the ceasefire line that was first marked in 1964.
- Topic:
- Politics, United Nations, Elections, and Conflict
- Political Geography:
- Turkey, Greece, Cyprus, and Mediterranean
35. Cyprus – Should the UN Withdraw?
- Author:
- Jan Asmussen
- Publication Date:
- 04-2011
- Content Type:
- Policy Brief
- Institution:
- European Centre for Minority Issues
- Abstract:
- Ban Ki Moon’s long awaited progress report on the negotiations in Cyprus did not come up with a final recommendation on how long the United Nations will be committed to engage in Cyprus. However, he warned that the UN would not continue indefinitely to spend efforts and money on a process that does not seem to render any progress. Indeed there is not much to suggest that a negotiated solution is anywhere close to be concluded in the foreseeable future. This appears strange as on the onset the past three years have seen the most intensive and most comprehensive negotiation process ever.
- Topic:
- Diplomacy, International Cooperation, United Nations, and Negotiation
- Political Geography:
- Europe, Turkey, Greece, and Cyprus
36. Can the eurozone countries still live together happily ever after?
- Author:
- Marcello Messori
- Publication Date:
- 03-2011
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- After the Greek public debt crisis and the bilateral loans to Greece from the other members of the European Monetary Union (EMU), in May 2010 the Ecofin Council launched the European Financial Stabilization Mechanism (EFSM). In June of the same year the EMU countries instituted the European Financial Stability Facility (EFSF). These two mechanisms, which are charged with providing support to EMU countries in “exceptional difficulty”, received their baptism of fire with Ireland in January 2011 and successfully made their first bond issue on the market.
- Topic:
- Debt, Economics, and Monetary Policy
- Political Geography:
- Europe and Greece
37. Turkey and Greece: Time to Settle the Aegean Dispute
- Publication Date:
- 07-2011
- Content Type:
- Policy Brief
- Institution:
- International Crisis Group
- Abstract:
- Normalisation between Greece and Turkey has come far since tensions in the Aegean Sea threatened war three times between the NATO allies. Trade, investments and mutual cooperation and tourism have taken off, sidelining issues like the Cyprus problem, which first stirred up the Aegean dispute in the early 1970s. Frequent bilateral talks and Turkey's unofficial 2011 suspension of military over-flights of Greek islands suggest that the time may be ripe for a solution to that dispute. Turkey's strong new government elected in June is interested in further asserting itself as a responsible regional power, solving problems in its neighbourhood and clearing obstacles to its European Union (EU) accession. With Athens in the midst of a financial crisis and needing any economic lift and increased security it can find, this unnecessary and still potentially dangerous conflict should be resolved. A good strategy would be a synchronised set of steps to prepare public opinion on both sides, leading to a bilateral agreement and including, if needed, eventual re- course to international adjudication.
- Topic:
- Conflict Resolution, NATO, Bilateral Relations, and Territorial Disputes
- Political Geography:
- Turkey and Greece
38. Europe on the Brink
- Author:
- Simon Johnson and Peter Boone
- Publication Date:
- 07-2011
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Attempts to resolve the problems in Europe are failing, and the crisis is spreading from Greece, Ireland, and Portugal to larger nations. Europe's financial system relies on moral hazard, i.e., a “no defaults” policy, to attract the funding needed to roll over large amounts of short–term bank and sovereign debt. Now that politicians in creditor nations are calling for private sector burden sharing, investors are demanding higher interest rates to hold these debts. But higher rates may tip banks and nations toward bankruptcy. Europe's banks and financial system are highly integrated across countries. Rising expectations of default in some countries could lead to large-scale capital flight into “safe” countries. This shift will raise concerns regarding solvency and liquidity of many financial institutions. The payments system of the euro area is serving as an opaque bailout mechanism that is currently preventing the euro area from falling apart at this time. If the number of nations in trouble spreads beyond Greece, Ireland, and Portugal, this bailout system will be stressed because of the potential size of accumulated funding. The European Central Bank (ECB) could soon see a vocal debate between inflationist and hawkish (anti–inflation) members. Inflationists will call for large–scale interventions, including bond buybacks and emergency loans, while the hawks will attempt to close loopholes in the payments system that effectively permit each troubled nation to create money needed to finance capital flight and budget deficits. At this stage in the debate, we see little chance that Europe can avoid ending the “moral hazard” regime, in which case it needs to plan for widespread sovereign and bank debt restructurings.
- Topic:
- Debt, Economics, Regional Cooperation, and Financial Crisis
- Political Geography:
- Europe, Greece, and Ireland
39. Turkey's 2000/1 Banking Crisis: A Case Study for the Transformation of the Greek Finance?
- Author:
- Onur Bayramoğlu
- Publication Date:
- 08-2011
- Content Type:
- Policy Brief
- Institution:
- Global Political Trends Center (GPoT)
- Abstract:
- On April 2010, recently after the eruption of the Greek crisis, an unexpected hand from Turkey reached to Greece. Proud with his country's last decade growth figures, Turkey's then Vice Prime Minister, Ali Babacan, paid a visit to Greece in order to share his country's reform period after its 2000/1 crisis, arguing that it could also be a case study for Greece. In this brief, I analyzed Greek and Turkish financial crises. Although it is a mere fact that the structural problems in Greek economy complicate the reform period in Greece, there are certain lessons that Greeks can learn from the Turkish experience. As Turks did after 2001, they should see the crisis as an opportunity to overcome the long time problems . In this regard, Greeks first and foremost should establish consensus among themselves, signaling to the markets that they are ready to face the burdens of the reform period.
- Topic:
- Debt, Economics, International Political Economy, and Financial Crisis
- Political Geography:
- Europe, Central Asia, Turkey, and Greece
40. Sustainability of Greek Public Debt
- Author:
- William R. Cline
- Publication Date:
- 10-2011
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- On July 21, 2011, the heads of government of the euro area announced a new plan to address the Greek debt crisis. This policy brief presents a simulation exercise that examines whether the new arrangements are likely to provide a sustainable solution. The analysis focuses on four key measures: gross debt relative to GDP; net debt relative to GDP; net interest payments relative to GDP; and amortization of medium-and long-term debt coming due during the year in question, relative to GDP. The new Greek package shows prospective future progress on all four measures, and Greek debt looks much more sustainable after the package than before. Debt also appears considerably more manageable if the criterion is net debt or interest burden rather than gross debt ratio, although even for gross debt the ratio is down substantially by 2020. It also becomes clear that the major contribution of the private-sector involvement (PSI) part of the package is in the form of sharply cutting amortization due, although by avoiding large new borrowing at crisis-level interest rates it also alleviates the interest burden that would otherwise occur.
- Topic:
- Debt, Economics, Regional Cooperation, and Financial Crisis
- Political Geography:
- Europe and Greece
41. Eurozone finally agrees a deal but uncertainties remain unresolved
- Publication Date:
- 11-2011
- Content Type:
- Policy Brief
- Institution:
- Oxford Economics
- Abstract:
- After protracted negotiations, Eurozone leaders finally agreed on a new package of measures last week. The outline deal has a three-pronged approach aimed at tackling the main aspects of the crisis: reducing Greece's debt burden, avoiding a credit crunch by recapitalising European banks, and preventing contagion to other countries via a boost to the EFSF.
- Topic:
- Debt, Economics, Markets, Regional Cooperation, and Financial Crisis
- Political Geography:
- Europe and Greece
42. Greek FDI in the Balkans: How is it affected by the crisis in Greece?
- Author:
- Persephone Economou and Margo Thomas
- Publication Date:
- 11-2011
- Content Type:
- Policy Brief
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- The current Greek crisis raises the question of its impact on foreign direct investment (FDI) by Greece on its neighbors in the Balkans. Greek multinational enterprises (MNEs) first began to establish a presence there in the 1990s, following the breakup of the former Yugoslavia. This trend accelerated during the past decade. As of 2009, Greece's outward FDI stock in the Balkans stood at US$ 10.5 billion or 26.5% of Greece's outward FDI stock worldwide.
- Topic:
- Foreign Policy, Global Recession, Foreign Direct Investment, and Financial Crisis
- Political Geography:
- Europe, Greece, Yugoslavia, and Balkans
43. Crisis in the eurozone and how to deal with it
- Author:
- Paul De Grauwe
- Publication Date:
- 02-2010
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- The crisis that started in Greece culminated into a crisis of the Eurozone as a whole. How did we get into this mess? To answer this question it is useful to distinguish the three actors that have played a role in the development of the crisis: Greece, the financial markets (including the rating agencies) and the eurozone authorities. Let us analyse the role of these three actors in the drama.
- Topic:
- Economics and Markets
- Political Geography:
- Europe and Greece
44. Towards a Euro(pean) Monetary Fund
- Author:
- Daniel Gros and Thomas Mayer
- Publication Date:
- 02-2010
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies (CEPS)
- Abstract:
- Despite cobbling together an impressive $1 trillion rescue package for countries with potential funding problems, the threat of a disorderly default still looms over the eurozone, creating systemic financial instability at the EU and possibly global level. Against this background, Daniel Gros and Thomas Mayer renew their call for the creation of a European Monetary Fund (EMF) in an update to their Policy Brief issued in February.
- Topic:
- Economics, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe and Greece
45. Will It Be Brussels, Berlin, or Financial Markets that Check Moral Hazard in Europe's Bailout Union? Most Likely the Latter!
- Author:
- Jacob Funk Kirkegaard
- Publication Date:
- 10-2010
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- So far so good for the European Union in preventing the Greek sovereign debt crisis from spiraling out of control in the short term. But with Greece in May 2010 requiring an unprecedented bailout from the European Union/IMF to avoid immediate default and 25 of the European Union's 27 member states currently subject to an “excessive deficit procedure” (European Commission 2010i), it remains evident that the European Union's existing fiscal surveillance framework patently failed both before and during the Great Recession and that Europe's leaders must head back to the drawing board for a required long term reform of the EU fiscal policy and surveillance framework.
- Topic:
- Debt, Economics, and Financial Crisis
- Political Geography:
- Europe and Greece
46. Economic Survey of Greece, 2007
- Publication Date:
- 05-2007
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Growth performance over the last decade has been among the best in the OECD, though a precise calibration is not yet possible following the recent revisions to GDP data. High growth has been driven by a range of factors, some of which are transitory. It is particularly encouraging that growth has been sustained over the last two years, despite substantial fiscal consolidation, mainly being driven by investment and exports. However, significant further reforms are needed to ensure that good performance is sustained in the years to come. It is imperative to use this period of strong performance to tackle remaining weaknesses in product and labour markets and move fiscal policy further towards a sustainable position by vigorous continued consolidation and pension reform. The key challenge, in terms of political economy, is to manage the required reforms in a context where society may be unduly complacent because the “good times” appear to be continuing.
- Topic:
- Development, Economics, and International Trade and Finance
- Political Geography:
- Europe and Greece
47. Turkey: Between the West and the Middle East
- Author:
- Yigit Alpogan
- Publication Date:
- 01-2006
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- On January 24, 2006, Yigit Alpogan, secretary-general of Turkey's National Security Council, addressed The Washington Institute's Special Policy Forum. Ambassador Alpogan, who assumed his current post in August 2004 as the first civilian head of the Turkish National Security Council, previously served as the Turkish ambassador to Greece and Turkmenistan as well as deputy undersecretary of foreign affairs. The following is a rapporteur's summary of his remarks.
- Topic:
- International Relations and Foreign Policy
- Political Geography:
- Washington, Turkey, Middle East, and Greece
48. Economic Survey of Greece, 2005
- Publication Date:
- 07-2005
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Recent and prospective growth performance is good. The Greek economy has continued to grow vigorously, buoyed especially by low nominal and real interest rates and an expansionary fiscal policy stance, largely reflecting public works in preparation for the Olympic Games in 2004. The outlook is for some slowing activity in the near term, triggered by fiscal consolidation, but a subsequent pick-up in growth thereafter. However, inflation is likely to remain above the euro-area average, to a certain extent eroding Greece's international competitiveness. Fiscal consolidation is the main priority. The fiscal audit, performed by the new government in close collaboration with Eurostat has revealed a very loose fiscal policy since the late 1990s, culminating in a general government deficit of 6% of GDP in 2004. The government debt-to-GDP ratio has remained stubbornly above 100%, despite uninterrupted strong growth during the past eleven years. Reining in government deficits is of vital importance both to meet the fiscal objectives of EMU, and to prepare for demographically-related budget pressures that will start emerging in a decade's time. Moreover, sustained high public debt makes Greece relatively more vulnerable to changes in interest rates and market sentiment, while it's servicing threatens to crowd out public spending in areas important for Greece's ambitions to reach income levels elsewhere in the EU.
- Topic:
- Development, Economics, and Government
- Political Geography:
- Europe and Greece
49. The New Turkish Economy and EU Accession Talks
- Author:
- Meral Varis
- Publication Date:
- 11-2005
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- Now that negotiations toward full Turkish membership in the European Union (EU) have begun, what are the prospects for the Turkish economy? In particular, could Turkey attract significant global investment and take off economically as happened in Spain, Portugal, and Greece in the 1980s and Poland, Hungary, and the Czech Republic in the 1990s when those countries negotiated for EU accession?
- Topic:
- International Relations and Economics
- Political Geography:
- Europe, Turkey, Middle East, Greece, Poland, Hungary, Spain, and Portugal
50. Cyprus after the Failure of the Annan-Plan
- Author:
- Jan Asmussen
- Publication Date:
- 06-2004
- Content Type:
- Policy Brief
- Institution:
- European Centre for Minority Issues
- Abstract:
- On 24 April 2004 Greek and Turkish Cypriots decided in separate simultaneous referenda on whether or not Cyprus would join the European Union on 1 May 2004. While 64.91% of Turkish Cypriots accepted the Annan Plan, an overwhelming majority of 75.83% of Greek Cypriots rejected the UN blueprint. The extent of the Greek Cypriot “Oxi”(No) brought an end to a large scale effort by the United Nations Secretary-General to broker a final deal for a solution of the “oldest item continuously on the peacemaking agenda”.1 Apart from the UN, the United States (Special envoy: Thomas Weston), the United Kingdom (Special envoy: (Sir David Hannay) and the European Union have constantly observed and tried to facilitate the process. Consequently, there has been a great deal of disappointment among those engaged in finding a solution. The most outspoken comment came from EU Enlargement Commissioner, Günter Verheugen who on 21 April declared that he felt “cheated” by the Greek Cypriot Government. Kofi Annan’s latest report clearly puts most of the blame for the failure on the Greek Cypriot leader, Tassos Papadopoulos, and his government and stresses that “if the Greek Cypriots are ready to share power and prosperity with the Turkish Cypriots in a federal structure based on political equality, this needs to be demonstrated, not just in word, but in action.”3 Apparently, the international community never took the possibility of such an outcome into consideration. As a result, both the EU and the UN concentrated on pressuring the Turkish Cypriot side and Turkey to accept the UN Plan. At the same time no efforts were made to secure a more positive attitude by the Greek Cypriot leadership. Today the international community is in a stage of shock and has clearly not developed an alternative plan to cope with the new situation.
- Topic:
- International Cooperation, United Nations, Minorities, European Union, Leadership, Ethnicity, Diversity, and Peace
- Political Geography:
- Europe, Turkey, Greece, and Cyprus