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Begin New Search Political Geography Greece Content Type Working Paper Publication Year within 25 Years Publication Year within 10 Years

1. The Greek Tragedy: Narratives and Imagined Futures in the Greek Sovereign Debt Crisis

Author:
Jens Beckert and Hans Lukas Richard Arndt
Publication Date:
04-2024
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
Between 2009 and 2015 Greece underwent a profound sovereign debt crisis that led to a serious political crisis in Europe and the restructuring of Greek debt. We argue that the prevalence of negative narratives about the future contributed to the changes in spreads of Greek bonds during the crisis. We support our argument by presenting results from text mining a corpus of 9,435 articles from the Financial Times and the Wall Street Journal. Based on sentiments and a machine learning model predicting future reference, we identify newspaper articles which generate negative and uncertain outlooks for the future in the expert discourse. We provide evidence from time series regression analysis showing that these negative imagined futures have explanatory power in models estimating spread development of Greek vs. German sovereign bonds. We suggest that these findings provide good evidence for the relevance of “imagined futures” for investors’ behavior, and give directions for an innovative contribution of sociology to understanding the microfoundations of financial crises.
Topic:
Debt, Financial Crisis, Financial Markets, Future, Sovereign Debt, Economic Sociology, Sentiment Analysis, and Valuation
Political Geography:
Europe and Greece

2. The Greek Defence Sector: Turning the Page?

Author:
Antonis Kamaras
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
From the 1980s to the 2000s, Greece’s defence industry was mismanaged and failed to utilize Greece’s high defence expenditures to become innovative. The impact of Greece’s fiscal crisis and the subsequent expansion of the Turkish threat mean that both economics and geopolitics now favour an invigorated Greek defence sector. The first major weapons procurement programme since the end of Greece’s fiscal crisis has not meaningfully involved the Greek defence sector. Yet the sector’s future prospects have improved, assured by the need for the sector to be financially viable and internationally competitive and by the broader awareness of the defence sector as a building block in national defence. The EU’s growing role in Europe’s collective defence, driven by continent-wide geopolitical developments and industrial imperatives, will also boost the prospects of the Greek defence sector. Mutually reinforcing obstacles still hamper the Greek defence sector’s progress: (a) a polity which privileges distribution over capital investments in its fiscal choices, and (b) an officer corps which lacks the degree of autonomy to co-create novel defence solutions together with the Greek defence sector. Despite these obstacles, the ongoing Turkish threat engenders national insecurity within Greece to such an extent that it can drive the sustainable growth of the Greek defence sector.
Topic:
Defense Policy, Geopolitics, Innovation, and Defense Industry
Political Geography:
Europe, Turkey, and Greece

3. Domestic implementation of European Court of Human Rights’ judgments related to immigration in Greece

Author:
Dia Anagnostou
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
In recent decades, the European Court of Human Rights has evolved into a leading judicial body which examines and identifies violations committed by states in the management of migration and asylum. Greece is one of the countries that has been condemned in a large number of judgements relating to administrative detention, reception and accommodation conditions, the treatment of migrants by the police and border authorities, the asylum system, the treatment of unaccompanied minors, and human trafficking. This paper examines the Greek authorities’ compliance with the ECtHR judgements in this area. It focuses on general measures which relate to broader changes in the legislation and case law, as well as on administrative practice in Greece. It analyses the obstacles and difficulties present in this area, and it makes policy recommendations. It argues that a new approach is needed to Greece’s compliance with regard to the human rights of migrants and refugees. This approach should be focused on structural reforms and it should have the express commitment of the country’s political leadership. It would require systematic efforts to instil a new mindset within the public administration that is supportive of human rights protection as a priority and democratic responsibility, rather than as an externally imposed, necessary evil.
Topic:
Migration, Refugees, Judiciary, Asylum, and European Court of Human Rights (ECHR)
Political Geography:
Europe and Greece

4. The Syrian Civil War Twelve Years On: Can There Be a Constructive Role for Greece?

Author:
Ioannis N. Grigoriadis and Loukas I. Papavasileiou
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Continual and ever-growing foreign involvement led to the internationalization of the armed conflict and turned Syria into a battleground for the strategic competition of several powers. The Kremlin has long viewed Hafez and Bashar al-Assad as indispensable partners in the Middle East and has repeatedly offered its diplomatic and military support in an attempt to achieve its own strategic objectives. Given the destabilizing effects the unending Syrian crisis has had on Middle Eastern and Eastern Mediterranean security, Greece maintains a profound interest in the resolution of the conflict. Greece appointed a Special Envoy for Syria in May 2020 with a view to reinvigorating its policy vis-à-vis the Syrian crisis. Greece’s successful re-engagement with key Arab countries and improved relations with other regional actors could pave the way for a more prominent Greek role in Syria. This could entail reinforcing its diplomatic cooperation with the EU Delegation to Syria, leading the EU humanitarian relief effort following the devastating earthquakes that hit Syria on 6 February 2023, and formulating a realistic and forward-looking strategy for the future of the Syrian people, including provisions for the voluntary repatriation of refugees and the protection of minority rights.
Topic:
Foreign Policy, Diplomacy, Refugees, Political stability, Syrian War, and Armed Conflict
Political Geography:
Middle East, Greece, and Syria

5. Drafting Greece’s “Internal Security Strategy” – Challenges and Prospects

Author:
Panayotis Tsakonas and Triandafyllos Karatrantos
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The radical change in the structure of the international system caused a scientific and political revolution in the definition and concept of security. Issues such as the climate crisis, forced displacements and extreme nationalism have led the interest and especially the debate on achieving security from external to internal threats. The focus is now on the main “object of reference” of security which is not the state or some sub-state groups, but “the individual”/”the citizen”. In the modern globalized environment, all the risks that threaten the daily life of citizens require dealing with the concept of security in a “holistic” and, at the same time, more “human-centered” way. Greece lacks an institutional document for the internal security strategy. There are structural reasons that make a comprehensive reform of the internal security sector necessary. In addition to the established weaknesses and inadequacies of specific agencies and/or services of the internal security system, the overall organic interconnection between crisis management services is still required. The first lesson from the effects of the pandemic is the need for the evolution of Greece into a “Modern National Security State”. Greece, due to its geographical position on the external borders of the EU, as well as the crises it has experienced in recent years, faces a series of internal security threats and challenges. Security and respect for fundamental rights are not mutually conflicting but coherent and complementary objectives. The Strategy will help build an internal security governance system and a central coordination process.
Topic:
Security, Governance, and European Union
Political Geography:
Europe and Greece

6. Diplomatic scramble: Greek foreign policy towards Libya

Author:
Constantine Capsaskis
Publication Date:
04-2023
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Libya became a country of immediate interest to Greece following its 2019 Memorandum of Understanding with Turkey. Greece engaged in a flurry of diplomatic activity in the aftermath of the MoU, both within Libya and the wider region, to counter Turkey’s momentum with Tripoli. The complex political situation in Libya and its many facets (proxy conflicts between regional and international players, competition for energy resources, and other factors including religion) compound the difficulties confronting Greek efforts to shield Greece’s interests. European division over Libya has led Greece to seek other bilateral approaches, primarily through cooperation with France and Egypt. Turkey’s attempts to normalize relations with its regional interlocutors (primarily Egypt, Israel and Greece) following the devastating earthquake that struck the country in February 2023 may yet change conditions on the ground in Libya, though it is still too early to tell.
Topic:
Foreign Policy, Diplomacy, and Bilateral Relations
Political Geography:
Turkey, Greece, Libya, and North Africa

7. The Cyclical Behaviour of Government Spending for Social Protection: Is the OECD Methodology Robust?

Author:
Aleksandr Arsenev, Philipp Heimberger, and Torben Schütz
Publication Date:
12-2023
Content Type:
Working Paper
Institution:
The Vienna Institute for International Economic Studies (WIIW)
Abstract:
Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of fiscal space. This paper analyses the sensitivity of the estimation method used by the Organisation for Economic Co-operation and Development (OECD) and the European Commission to obtain government spending elasticities by focusing on 11 EU countries in the 1995-2020 period. Our results suggest that spending elasticities are sensitive to small variations in data and model specification. For most EU countries, we reject the assumption that only unemployment spending responds to cyclical variations. While unemployment spending is indeed a major driver of counter-cyclical social spending, other categories of social spending also show signs of responding to the business cycle.
Topic:
Budget, European Union, Finance, Macroeconomics, Public Debt, Social Spending, Public Spending, and Fiscal Deficit
Political Geography:
Europe, Greece, France, Poland, Germany, Denmark, Romania, Spain, Italy, Sweden, Austria, and Czechia

8. Cooperation against the odds: Getting small firms to work together in unfavourable circumstances

Author:
Kira Gartzou-Katsouyanni
Publication Date:
11-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
How can we get small firms to work together in order to achieve mutually beneficial outcomes, despite adverse circumstances? This policy paper provides an answer to this question that could be useful both to policymakers and to local stakeholders seeking to undertake innovative, cooperative economic activities in their area. Based on evidence from eight case studies within the Greek agri-food and tourism sectors, I argue that a small group of local actors, whom I call ‘institutional entrepreneurs’, usually play a key role in catalysing the emergence of cooperation at the local level. Their strategies and experiences carry valuable insights. I also outline the characteristics that macro-level institutional frameworks need to have if they are to facilitate local cooperation. These characteristics can inform the design of institutions at both the domestic and the EU level. The paper’s findings could be relevant to people interested in local development, but also to those concerned with boosting the productivity and export orientation of the Greek economy as a whole. After all, cooperation can improve the performance of small firms, and it is thus an important ingredient for inclusive growth in countries with a lot of small firms, such as Greece.
Topic:
Development, Economy, Business, and Production
Political Geography:
Europe and Greece

9. Adapting to New Realities: Israel’s foreign policy in post-Netanyahu times

Author:
Gabriel Haritos
Publication Date:
10-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Israel had to adapt to the revised objectives of the Biden administration in the Middle East and to update its coordination with Russia on the Syria front. The war in Ukraine has reconfigured Israel’s relations with the US and Russia. Israel’s reluctance to provide arms to Ukraine has allowed Russian-Israeli coordination to continue in Syria. The energy crisis triggered by the Russo-Ukrainian war led the US to revise its stance towards Saudi Arabia. The US-Iran talks ground to a halt in Vienna in the light of the growing ties between Iran and Russia. Israel took advantage of the new state of affairs, encouraging the rapprochement between Washington and Riyadh and countering the possibility of the US reopening its consulate in East Jerusalem. In coordination with the US, Israel has promoted the deepening of the Abraham Accords and drawn India into the new Middle East reality through the new I2U2 mechanism. Thanks to carefully managed communication, the Bennett-Lapid government was able to restore diplomatic relations with Turkey while maintaining close cooperation with Greece and Cyprus. It would seem advisable to put in place additional safeguards to maintain the quality of Athens-Nicosia -Jerusalem relations, similar to those which are expected to accompany the revamped relations between Israel and Turkey.
Topic:
International Relations, Foreign Policy, Diplomacy, and Russia-Ukraine War
Political Geography:
Russia, Turkey, Ukraine, Middle East, Israel, Greece, and United States of America

10. Using RRF resources to kick-start a job-rich recovery in Greece

Author:
Manos Matsaganis and Georgios Manalis
Publication Date:
10-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The Recovery and Resilience Facility (RRF) is a golden opportunity for those member states that were most badly hit first by the debt crisis then by the pandemic. Greece, one of the largest beneficiaries in per capita terms, is due to receive very significant resources that can help arrest the decline of the 2010s. Can these resources be spent wisely and efficiently enough to kickstart the process of inclusive and sustainable growth? This paper briefly reviews the Greek National Recovery and Resilience Plan (Greece 2.0), assessing its potential contribution to upgrading the economy’s growth model, enhancing skills, and boosting employment. In 2007-19, total investment in Greece shrank by a stunning 70% in real terms. Over the same period, public investment fell by 62%, business investment by 44%, and household investment (on housing, mostly) by 89%. Under-investment constrains growth and undermines the future prospects of the Greek economy. The Recovery and Resilience Facility offers Greece a unique opportunity to bridge the investment gap, giving a boost to the sustainable recovery of the Greek economy. Technically, Greece 2.0, the country’s National Recovery and Resilience Plan is competently drafted, as its favourable reception by the European Commission indicates. Still, critical issues abound. In this sense, Greece 2.0 embodies the contradictions of the current juncture. On the one hand, there is a consensus that the Greek economy should rebalance, by pursuing a growth strategy that relies much more on exports than in the recent past, and much less on domestic consumer demand fuelled by debt. On the other hand, the legacy of the past weighs heavily on social and political actors, limiting their room for manoeuvre. The list is daunting. It remains to be seen how the above will play out over the next few years.
Topic:
Debt, Economy, Crisis Management, Resilience, and Economic Recovery
Political Geography:
Europe and Greece

11. Georgian-Greek Relations: Building a Strategic Dimension

Author:
Ioannis N. Grigoriadis and Mariam Gugulashvili
Publication Date:
10-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The cordial bilateral relations between Greece and Georgia are mostly centered on the culture and education domains, with less progress achieved in the areas of the economy, foreign policy, and security. Greece can emerge as Georgia’s key supporter in its EU membership aspirations, with Greek experts and diplomatic circles contributing their experience to the country’s EU integration process. This support can be realized at both high and low levels, through EU Twinning projects and results-oriented memoranda between state institutions to import best practices, so Georgia can successfully carry out the required democratization reforms and implement the EU Association Agreement effectively. As the international system becomes more multipolar and the strategic significance of the Black Sea and Caucasus regions increases, Greece and Georgia should work to deepen their ties and build interest-oriented synergies in order to forge a strategic alliance. The promotion of Western and European interests can be significantly aided by a democratic Georgia on the road to European integration and a resurgent Greece with a stronger regional presence in the Black Sea and Caucasus.
Topic:
Security, Foreign Policy, Bilateral Relations, European Union, and Economy
Political Geography:
Europe, Greece, and Georgia

12. Greece and Turkey in the world today: the public’s view

Author:
Ioannis N. Grigoriadis, Panagiota Manoli, and Evangelos Areteos
Publication Date:
06-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The Policy Paper by Ioannis N. Grigoriadis, Senior Research Fellow, Head of ELIAMEP Turkey Programme; Associate Professor, University of Bilkent; Panagiota Manoli, Research Fellow, ELIAMEP; Assistant Professor of Political Economy of International Relations, University of Peloponnese and Evangelos Areteos, Research Associate at ELIAMEP Turkey Programme, highlights the main findings of the third joint poll in Greece and Turkey, which took place in the first ten days of May 2022. Among other things, it aims to capture and compare the perceptions of Greek and Turkish public opinion regarding Russia’s invasion of Ukraine, the role of the United States and NATO in European security, and Greek and Turkish identity.
Topic:
International Relations, Security, NATO, and Public Opinion
Political Geography:
Turkey, Middle East, and Greece

13. Local community views on Marine Protected Areas on Greek islands

Author:
Lydia Avrami, Nicolas Demertzis, Antonis Armenakis, and Dmitra Syrou
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Marine Protected Areas (MPAs) are usually designated in areas with intense human activity. An MPA is therefore a complex socioeconomic system whose success and/or failure, and ability to deliver environmental, social and economic benefits, depend on local communities and their sensitivities. This paper examines how recently designated MPAs on three islands in the Cyclades group (Kythnos, Milos and Santorini), with differently structured local economies and levels of touristic development, are perceived by their local communities. Data are drawn from a phone survey of local residents, and the results show that the awareness, attitudes and perceptions of the local groups differ significantly depending on the area and their stake in the MPA. How much local communities know about the MPA regulatory framework and its location, past experiences and socioeconomic factors are deemed good predictors for the local communities’ behaviors towards the MPAs. The positive interplay between the operation of an MPA and the development of scuba diving is also acknowledged, although the perceived trade-off between marine protection and fishers’ revenue remains the main challenge facing MPA implementation. The paper’s findings highlight the urgent need to deal with the information and knowledge deficit, and to bridge the gap between the perceptions and expectations of local communities and the MPAs’ actual output. Applying a participatory approach to MPA decision-making and operation would build capacity for effective implementation. Thus, the delimitation of the protection zones within the MPAs, and the provision of specific constraints, should be based on both ecological and socioeconomic criteria.
Topic:
Environment, Natural Resources, Public Opinion, Regulation, and Ecology
Political Geography:
Europe and Greece

14. Regional power competition in the Eastern Mediterranean: the return of naval power and the changes technology brings

Author:
Vassilis Nedos
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Energy games and the territorialization of maritime zones are the main reasons for the renewed arms race and regional competition in the East Mediterranean. The East Mediterranean is home to quite diverse fleets in terms of capabilities and technology. In terms of Unmanned Aerial Vehicle (UAV) field capabilities, Israel is the local champion while Turkey is an emerging power; the remaining regional actors lag behind. Top-tier technology items manufactured mostly by the US aeronautical industry are either too expensive or are restricted to local actors; as a result, Israel and subsequently Turkey have developed indigenous capabilities over the last few years, which are highly exportable. Even though the Russian invasion of Ukraine and the war now raging in the country has to some extent overshadowed the rising tensions in the East Mediterranean (which culminated in the standoff between the Greek and Turkish fleets between August and November 2020), there are still issues that need to be resolved which stem directly from the military build-up and the power balance, which has been seriously disturbed. Greece is already invested in catching up in terms both of numbers and technological capabilities. Nonetheless, to date, these efforts have failed to close the gap for two main reasons: Firstly, the agreements signed so far include little or no transfer of technology and know-how; Secondly, the local capabilities in both ship building and the aeronautical industry suffer from the perennial Greek state maladies. Investing in local AI technologies and solving the “Gordian knot” of the shipyards are prerequisites for developing local infrastructure capable of competing regionally in the long run.
Topic:
Science and Technology, Navy, Strategic Competition, and Regional Power
Political Geography:
Turkey, Middle East, Israel, Greece, and Mediterranean

15. Achieving qualitative superiority: Greek conscription and the Turkish threat

Author:
Antonis Kamaras and Nikos Stournaras
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
This policy paper argues that, by emulating its peer countries, wealthy, small to medium sized democracies facing national security threats, in Northern Europe and the Middle East (namely Finland, Norway, Denmark, Sweden and Israel), Greece can modernize its conscript component and thus attain qualitative superiority over the Turkish Army. Turkey’s conscript model is riven by deep-seated class, geographical and ethnic cleavages, giving to Greek political and military leaders the opportunity to gain a qualitative military edge through judicious modernization of the Greek conscript model. Such a modernization is eminently feasible today as Greece’s economic crisis has created the political space to overcome resistance to the reform of conscription. By contrast, Greece’s main national security threat, Turkey, belongs to that group of authoritarian or illiberal countries which have suboptimal conscription models, featuring evasion of conscript service by the well-educated, inefficient training and harsh, counterproductive treatment of those conscripts who do serve. Greece, also due to its post WWII illiberalism or authoritarianism, and not unlike Taiwan which has a similar legacy, has not infused its conscript component with demanding training and operational standards, roles and missions. The time is ripe, due to the resurgence of the Turkish threat and Greece’s economic crisis, which has removed many of the country’s outdated shibboleths, to modernise Greek conscription, as its peer countries have done, and thus acquire an Army qualitatively superior to that of Turkey. By doing so, Greek policy-makers will decisively strengthen Greece’s deterrence and produce positive externalities for the consripts themselves . Indeed, the more effective conscription becomes in operational terms for the Greek Armed Forces, the greater the benefits to be reaped in civilian life.
Topic:
Security, National Security, Armed Forces, Deterrence, and Conscription
Political Geography:
Europe, Turkey, Middle East, and Greece

16. Household Wealth Inequalities in the wake of the Greek Debt Crisis

Author:
Apostolos Fasianos
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Despite the renowned interest in wealth disparities, the distribution of wealth in Greece is largely understudied. This study maps the levels, dynamics, and composition of household wealth using data from the three waves of the Household Finance and Consumption Survey for Greece for the period after the debt crisis of 2009-10 till 2017. The evidence suggests that the richest 1% of the population holds roughly as much wealth as the poorest 50%, while the richest 10% holds about four times the wealth of the poorest 50%. Most inequality indicators employed indicate increasing trends in wealth disparities between 2009 and 2017. During this period, average and median wealth holdings decreased by about one third, and the share of financially fragile households increased by about 20%. Estimates from factor inequality decompositions suggest that, although relatively evenly distributed, housing asset holdings explain much of the increase in overall wealth inequality in Greece, followed by self-employment business equity; financial assets play a negligible role. Financial wealth inequality is much more pronounced than housing wealth inequality in Greece. The findings of the paper carry important implications for the design of appropriate policies aiming at reducing wealth inequalities and strengthening financial resilience.
Topic:
Debt, Income Inequality, Economic Crisis, and Wealth
Political Geography:
Europe and Greece

17. Transparency policy in Greece: From citizen empowerment to anticorruption and open data

Author:
Calliope Spanou and Manto Lampropoulou
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
This paper aims to provide an overview of the transparency policy in Greece with a focus on public administration. To this end, we explore and critically analyse the origins and the state of play of transparency policy in line with the key components of the current policy agenda, namely: open government, access to documents and digital information, internal audit, and lobbying activities. The goal is to identify (i) the way by which transparency policy has been embedded in the domestic agenda of state reform and evolved over time and (ii) the processes and mechanisms through which transparency policy is currently formulated, implemented and evaluated. The findings of the analysis show that the focus of the transparency policy has shifted over time and has included a wide range of both symbolic and pragmatic initiatives, such as citizen empowerment and participation (1980s), control of public administration (1990s-2000s), open/ digital governance and open data (2000s), anti-corruption (2010s) and public sector digitalization (2020s). In this respect, the term “transparency” seems to have embraced a wide variety of concerns, objectives, procedures, and institutions. Like other policy domains, the fragmentation of the legislative framework and competent institutions has been a constant feature of the domestic transparency policies, which has hampered policy coherence and co-ordination over time. Accordingly, the formulation, implementation and monitoring of the transparency policy implicates multiple actors across central government together with the growing influence of external experts during the past years. Τhe role of civil society and citizen participation in transparency policy remain weak. Recently, an effort has been put forth to centralize control mechanisms and interconnect existing platforms in order to alleviate the observed weaknesses. Yet, beyond the institutional and technical improvements, the role of transparency for democracy and accountability remains in question and needs to be brought back into the debate.
Topic:
Corruption, Citizenship, and Transparency
Political Geography:
Europe and Greece

18. What is the agenda for the Eastern Mediterranean?

Author:
Efraim Inbar
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
A more coherent common foreign policy agenda is needed to enhance the strategic significance of the Athens-Jerusalem-Nicosia partnership.
Topic:
Security, Foreign Policy, Diplomacy, International Cooperation, and Peace
Political Geography:
Europe, Middle East, Israel, Greece, Cyprus, and Mediterranean

19. Between Erdogan, Mitsotakis, and Biden: The Evolving Ankara-Athens-Washington Triangle

Author:
Gallia Lindenstrauss, Christoph Becker, and Remi Daniel
Publication Date:
06-2022
Content Type:
Working Paper
Institution:
Institute for National Security Studies (INSS)
Abstract:
“The Prime Minister of Greece no longer exists for me,” declared Turkey’s President, reflecting a break in the rapprochement seen over the past year between Ankara and Athens. What lies behind this change of approach, and how does this affect Israel’s relations with Eastern Mediterranean states?
Topic:
Diplomacy, International Cooperation, Regional Cooperation, and Leadership
Political Geography:
Europe, Turkey, Greece, North America, United States of America, and Mediterranean

20. Turkey's ‘Precious Loneliness’ vs. Greece's Multilateralism

Author:
Hay Eytan Cohen Yanaraocak
Publication Date:
06-2022
Content Type:
Working Paper
Institution:
Moshe Dayan Center for Middle Eastern and African Studies
Abstract:
In our latest issue of Turkeyscope, Dr. Hay Eytan Cohen Yanarocak discusses the latest tension in the Eastern Mediterranean between Turkey and Greece. By analyzing the foreign policy strategies of both countries the essay reveals Turkey's shrinking leverage on the West and its ramifications for the Turkish national security.
Topic:
Foreign Policy, National Security, Bilateral Relations, and Multilateralism
Political Geography:
Europe, Turkey, Middle East, and Greece

21. How to make I.T. in Greek Manufacturing: Evidence and Policy Recommendations

Author:
Sofia Anyfantaki
Publication Date:
12-2022
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Greece has so far failed to shift its production structure towards more complex, high value-added activities, incorporating knowledge-intensive practices. Given the country’s low performance in innovation and knowledge diffusion relative to EU peers, we focus on two specific problem areas of Greek industry: skills and management practices. First, we provide an in-depth look at skills indicators to identify the scope for action, particularly in addressing mismatch. Second, we use firm-level data from the World Management Survey to give an overview of management practices in Greek industry and explore the quality of these practices and their association with productivity. We have two novel findings: first, we document that Greece has the highest overskilling for professional occupations in the OECD; second, we show that Greek firms do best in areas requiring unitary decision making, and worst in areas requiring teamwork and synergies. We complement our analysis with data from a new survey and examine structural characteristics of innovation and technology adoption. The collection of our empirical findings provides valuable input into concrete policy proposals to increase productivity in Greek manufacturing.
Topic:
Science and Technology, Manufacturing, Innovation, Industry, and Information Technology
Political Geography:
Europe and Greece

22. The Digital Markets Act (DMA): Between European autonomy and transatlantic cooperation

Author:
George Tzogopoulos
Publication Date:
11-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Greece is seeking to unleash innovation and digitalization to stabilize its economy in the aftermath of the economic crisis and to recover from the pandemic. Greece is closely monitoring EU regulatory developments on digital affairs and adjusting its legislation accordingly. The proposed Digital Markets Act (DMA) is aligned behind the broader EU strategy of increasing European digital autonomy, an objective also endorsed by Greece. The DMA-related concerns of politicians, experts, representatives of the business sector and start-uppers are important and multifaceted, and ought to be taken into account in Europe (and Greece), especially with regard to the question of the DMA’s allegedly negative impact on innovation. It is in the interest of the EU (and Greece) to strike a balance between the emphasis on regulation and ‘gatekeepers’ on the one hand, and the need for enterprises and start-ups to benefit from services provided by digital giants (often for free) on the other. Combining the above with the pursuit of European digital autonomy is a demanding task. Although the DMA does not directly impact on Greek companies, the country is hoping for a smooth evolution in transatlantic relations during the Biden Presidency, both generally and in technological affairs. Greek start-ups envisage a boost in their US presence. The DMA proposal is inevitably complex; more time may be required for some EU member-states, including Greece, to actively join the debate.
Topic:
European Union, Transatlantic Relations, Autonomy, and Digital Markets Act (DMA)
Political Geography:
Europe and Greece

23. Nudging for Recovery: Behavioral Economics and the implementation of the National Recovery and Resilience Plan

Author:
Demosthenes Kollias
Publication Date:
10-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
With the National Recovery and Resilience Plan, Greece is presented with yet another opportunity to catch up with global trends. At the same time, behavioral economics are being established worldwide as a valuable asset in the policy maker’s toolkit. The paper -mainly focusing on taxation, labor market policy, and climate change- aims to examine the behavioral conundrum that creates frictions and inefficiency in the domains outlined above and to offer concrete and quantifiable policy proposals, in accordance with the goals of Greece 2.0. Regarding tax evasion, for example, one can estimate at least €1 billion in additional tax revenue if the proposals are implemented.
Topic:
Climate Change, Economics, Tax Systems, Labor Market, and Economic Recovery
Political Geography:
Europe and Greece

24. The role of Turkey in the Eastern Mediterranean conflict zone: A country transformed and a glimpse into the future

Author:
Thrasyvoulos Terry Stamatopoulos
Publication Date:
10-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Major population movements have contributed to the transformation of the social and political landscape in Turkey. Political Islam and a resurgent nationalism are now among the primary factors in decision-shaping. National ambition is visibly shifting away from close association with/participation in the West, coloured by a visible revival of a particular view of its Ottoman past. The resulting domestic political dynamics are affecting the composition and traditional Western orientation of major state institutions, including the military. The above translate in a trend of distancing of the Turkish Republic from its partners of the last century and of difficult if not hostile relations with the US, the EU and some of its member-states, and other states in the region. The shift to a multi-polar world is contributing to this trend, fueling ambitions of the Government, but also of a significant part of the broader elite, for an increased role of Turkey as a regional power and on the global stage. The US and its allies, and the EU and its member-states must engage in a serious evaluation of Turkey’s transformation and its strategic orientation, which they have yet to do.
Topic:
Foreign Policy, European Union, Conflict, and Islamism
Political Geography:
Turkey, Greece, United States of America, and Mediterranean

25. Skills mismatch in the Greek labour market: insights from a youth survey

Author:
Dimitris Katsikas
Publication Date:
09-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
This policy paper presents some first findings from a youth survey relating to the skills mismatch in Greece. The survey was conducted in the context of the EEA Grants sponsored research project “Youth employment and gender equality: Mobilizing human capital for sustainable growth in Greece”, which is implemented by ELIAMEP and the Norwegian institute Fafo. The project seeks to document and analyze conditions in the Greek labour market, with an emphasis on the main barriers constraining young people’s access to it and on their progress once they get a job. Pending a more in-depth analysis of the findings, the preliminary evidence presented here adds some insights to the study of the skills mismatch phenomenon in Greece and helps us outline a few policy proposals. Skills mismatch is a significant problem for modern economies, as it leads to the inefficient utilization of the labour force, reducing productivity and growth potential. Research shows that Greece faces a serious skills mismatch problem. The findings of a youth survey presented here: Confirm the problem for the Greek labour market in both its vertical (over/ underqualification) and horizontal (field of study) dimensions. Show that skills mismatch affects graduates within every level and orientation (e.g., vocational training) of the educational system. Document young people’s belief that the educational system does not prepare them well for the labour market Show that skills mismatch is a serious obstacle to labour market entry for young people Confirm the lack of learning opportunities for those in employment, as well as the importance which young people attach to such opportunities for their professional progress. Reveal that young people often reject jobs due to low pay and unsatisfactory employment conditions, implying that reported skills shortages are also due to the terms of employment on offer. Policy responses should be multi-faceted, targeting both the educational system and the economy. Providing students with information about market developments and trends, and taking such information into account in the design of educational curricula (particularly in vocational training) is essential if the skills mismatch problem is to be addressed.
Topic:
Youth, Survey, Labor Market, and Skills
Political Geography:
Europe and Greece

26. Greece’s Rise as a Trans-Mediterranean Power: Greece’s Eastern Mediterranean strategic shift to Europe-to-Africa and Europe-to-Middle East connectivity

Author:
Michaël Tanchum
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Greece stands at the threshold of a strategic shift that could see the Hellenic Republic become Europe’s geopolitical gatekeeper of the emerging East Africa-to-Europe and Middle East-to-Europe commercial corridors. Whether Greece becomes a European leader in trans-Mediterranean connectivity depends on Athens’ ability to develop its own position in East Africa-to-Europe and Middle East-to-Europe manufacturing value chains. Greece’s advancing green energy, innovation economy offers promising avenues to engage Egypt, Israel, the UAE, and Saudi Arabia in joint ventures that will transform Greece into a cutting-edge trans-Mediterranean actor. Greece’s new trans-Mediterranean profile is a strategic shift that will require the EU system to adjust its perception of Greece and incentivize closer coordination between Greece and other member states to facilitate joint venture investments in the two corridors. In the absence of such coordination, Athens will continue to deepen its relations with Egypt, Israel, the UAE, and Saudi Arabia while engaging with select EU member states. The extent to which Greece succeeds at industrial value chain integration will determine its role in the emerging trans-regional commercial architecture, and with it, Greece’s strategic standing within the European Union and the MENA region.
Topic:
European Union, Geopolitics, Trade, and Value Chains
Political Geography:
Africa, Europe, Middle East, Greece, and Mediterranean

27. Turkish drones, Greek challenges

Author:
Antonis Kamaras
Publication Date:
03-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
This paper analyses the evolution of Turkey’s capacity to conduct drone-led warfare, an evolution driven by its assertive national security and foreign policy. It connects this feature of Turkey’s war-fighting capability to the debate on the impact drones have on the modern battlefield and on conflictual interstate relations. The paper attributes the underdevelopment of Greece’s drone and counter-drone capacity to the country’s fiscal crisis and to the civilian leadership’s unwillingness to make use of Greece’s alliances, geographical position and R&D ecosystem to develop such capacities. The analysis identifies the factors and processes that can accelerate the speed at which the Greek armed forces ready themselves to meet the evolving challenges—including drones—posed by their assertive neighbour.
Topic:
Foreign Policy, National Security, Drones, and Alliance
Political Geography:
Europe, Turkey, Middle East, Greece, and Mediterranean

28. Greek Diaspora in an uncertain world

Author:
Othon Anastasakis and Antonis Kamaras
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Greece’s fiscal crisis has energized its relationship with its diaspora in the last several years, after decades of decline, as well as reshaping the diaspora itself due to the massive crisis-driven migration. Research institutes as well as individual scholars have addressed key aspects of the diaspora and homeland relationship prior to and during the crisis. South East European Studies at Oxford (SEESOX) established in 2015 the Greek Diaspora Project, a dedicated research unit which has applied the well-established diaspora and development literature to the Greek case, in the crisis and post-crisis years. The opportunities for synergistic research between University centers and think tanks located in Greece and abroad, in satisfactorily addressing this crisis-driven transformation of the diaspora & homeland relationship, are compelling. SEESOX and ELIAMEP have thus decided to collaborate so they can catalyse such synergies both between themselves and with universities in Greece and abroad. SEESOX’s and ELIAMEP’s joint endeavor will be resolutely comparative as well as cross-disciplinary, reflecting both the requirements of a highly advanced diaspora studies prospectus as well as the respective strengths of the two partners.
Topic:
Migration, Diaspora, and Economic Crisis
Political Geography:
Europe and Greece

29. Revisiting and going beyond the EU-Turkey migration agreement of 2016: an opportunity for Greece to overcome being just “Europe’s aspis”

Author:
Kemal Kirisçi
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
In contrast to early last year, marked by a “border crisis” that erupted after the Turkish President finally put into action his long-standing threat to “open the border” for Syrian refugees, the year 2021 had a more promising start. The intense tensions in the Aegean Sea and the Eastern Mediterranean that followed the “border crisis” appear to be subsiding. The European Council statement of March 25 offers a possible framework for dialogue and diplomacy to take over from what was an annus horribilis in Greek-Turkish and EU-Turkish relations. Within this framework, room is also made for revisiting the EU-Turkey statement adopted in March 2016 to manage the aftermath of the European migration crisis that had seen a mass displacement of refugees and migrants primarily from Turkey to Greece and on to Europe. The statement has had many opponents and its implementation has faced multiple grievances and recriminations from both sides. Addressing and overcoming these challenges will call for extensive diplomatic effort, good will and take considerable time. In the interim, however, the emerging positive climate offers the possibility to explore expanding cooperation in a relatively successful but inadequately appreciated part of the EU-Turkey statement known as the Facility for Refugees in Turkey (FRIT). FRIT has been instrumental in supporting Syrian and other refugees in Turkey. It has been an important manifestation of burden-sharing with Turkey and has benefitted refugees in concrete terms. Advancing cooperation in this area would also help contribute to mutual confidence building and have a positive spill over into other more complicated issue areas in the migration domain and broader bilateral relations.
Topic:
Foreign Policy, Migration, Treaties and Agreements, and Refugees
Political Geography:
Europe, Turkey, Middle East, Greece, and Mediterranean

30. Ahead of the five-party meeting: Convergences and bridgeable differences towards the reunification of Cyprus

Author:
George Kalpadakis
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The prospect of achieving a bizonal, bicommunal federal solution to the Cyprus problem was dealt a blow in the summer of 2017 when the unification talks between the two sides were suspended. The deterioration of the climate since then and the concomitant danger of abandoning the UN framework for a solution amid Turkey’s and the T/C side’s apparent insistence on a two-state solution, underscores the necessity to sketch out the convergences that have reportedly been achieved as well as the most significant issues on which the divergences appear to be bridgeable. Ahead of the upcoming informal five-party meeting on the Cyprus issue and the challenge of “rebooting” Crans Montana, this paper briefly outlines these issues based on a recently released UN document, indicating that they form an integral part of the elusive signposts towards a final settlement. Moreover, it refers to a number of ongoing and new civil society initiatives in support of peace and reunification.
Topic:
United Nations, Negotiation, Peace, Reconciliation, and Reunification
Political Geography:
Turkey, Greece, Cyprus, and Mediterranean

31. A fresh start for Greece-Libya relations: A view from Nicosia

Author:
Yiannis Ioannou
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Mitsotakis’ official visit to Libya and the reopening of the Greek embassy in Tripoli is a positive step towards normalization. The Libyan-Turkish memorandum on the delimitation of maritime zones will be difficult to revoke- but it must not be the only focal point of Greek-Libyan relations. The period leading to the December 24 elections in Libya is critical, and the situation in the country will remain volatile due to both internal and external challenges. Turkey retains a significant footprint in Libya with several political, military and economic implications. Libya is an important country for the European Union and remains a source of challenges for European security (irregular migration, terrorism). Greece can play an active mediating role in Libya, at a European, bilateral and regional level.
Topic:
International Relations, Security, Migration, Terrorism, Bilateral Relations, and European Union
Political Geography:
Greece and Libya

32. The ‘Magnificent Seven’ of European Defence Integration

Author:
Spyros Blavoukos and Panos Politis-Lamprou
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Defence cooperation in the EU is growing, reflecting the European citizens’ view of the EU as a security enhancer. This policy paper takes stock of current developments and analyses the positions of seven EU member-states on defence integration (France, Germany, Italy, Spain, Poland, Portugal, and Greece). The ‘Magnificent Seven’ are key players in this process, not least because of their large defence budgets and their engagement in the existing forms of cooperation. We examine the defence budget of the seven countries and their breakdown, as well as their participation in Battlegroups, EU military operations and missions, and PESCO projects. The analysis provides significant insights on the national defence priorities. The seven countries form overlapping clusters, according to their political status and aspirations in the European integration process, their economic condition, their geographical location, and their relations with the US and NATO. All of them are facing significant dilemmas and engage in subtle balancing acts, which explains the slow and arduous path of European defence integration.
Topic:
Defense Policy, Military Affairs, European Union, and Regional Integration
Political Geography:
Europe, Greece, France, Poland, Germany, Spain, Italy, and Portugal

33. Public Administration in the era of Covid-19: Policy Responses and Reforms underway

Author:
Manto Lampropoulou
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Covid-19 has caused an unprecedented shock to the state apparatus and has triggered major reforms in the administrative system of Greece. Policy responses to the pandemic have brought about several positive changes towards the modernization and de-bureaucratization of public administration. However, the pace and scale of change vary significantly. The pandemic has acted as a strong driver for the digital transformation of the public sector and the strengthening of e-government policies. Numerous administrative procedures were streamlined, digitalized and simplified, working conditions have become more flexible and several improvements have taken place in service delivery and state-citizen relations. The observed centralisation of decision-making and the often use of fast-track procedures have raised questions of democratic control, transparency and the rule of law, while the emergency measureshave been criticized for the threats they pose for the protection of citizens’ rights, individual liberties and personal data. A key challenge remains the integration the emergency measures of the covid-19 policy agenda into a longer-term programme of administrative reform in the post-covid era.
Topic:
Reform, Democracy, Rule of Law, Public Policy, Transparency, COVID-19, and Digital Policy
Political Geography:
Europe and Greece

34. China’s Influence in Southeastern, Central, and Eastern Europe: Vulnerabilities and Resilience in Four Countries

Author:
Erik Brattberg, Philippe Le Corre, Paul Stronski, and Thomas de Waal
Publication Date:
10-2021
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
China’s presence has brought socioeconomic opportunities to Georgia, Greece, Hungary, and Romania. Yet it has exacerbated governance shortfalls, undermined elements of political and economic stability, and complicated the European Union’s ability to reach consensus on key issues.
Topic:
Foreign Policy, Governance, European Union, Political stability, Resilience, and Economic Stability
Political Geography:
China, Europe, Greece, Romania, Hungary, Georgia, and United States of America

35. Greece, Cyprus, and the Israeli-Palestinian Peace Process

Author:
Gabriel Mitchell
Publication Date:
04-2021
Content Type:
Working Paper
Institution:
Mitvim: The Israeli Institute for Regional Foreign Policies
Abstract:
For decades, the US operated as the central mediator between Israel and the Palestinians. However, after decades of stalled negotiations, it is likely that future peacemaking efforts will be multilateral, reliant on an orchestra of international actors who can support specific processes that, in concert, could encourage Israelis and Palestinians to reapproach one another. This piece examines the role of Greece and Cyprus, two regional actors whose strategic relationship with Israel has strengthened over the last decade, could help advance peace. Though secondary players in the context of the Israeli-Palestinian conflict, there are concrete ways that both states – if invited by the central parties – could contribute to a more conducive environment for cooperation and dialogue.
Topic:
Conflict Resolution, Diplomacy, International Affairs, Negotiation, and Peace
Political Geography:
Middle East, Israel, Greece, Palestine, and Cyprus

36. Between Geopolitics and Geoeconomics: The Growing Role of Gulf States in the Eastern Mediterranean

Author:
Adel Abdel Ghafar
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The role played by countries of the Gulf Cooperation Council (GCC) in the Eastern Mediterranean is becoming increasingly important. This calls for an assessment of their evolving relationship with countries in the region, as well as their involvement in the Libyan conflict. Increased involvement by Gulf actors may inflame existing regional rivalries and geopolitical tensions. The interests of GCC countries in the Eastern Mediterranean are first analysed in the broader context of regional rivalries. Special attention is then devoted to Egypt, Libya, Lebanon, Greece and Cyprus, while considering the role of other key regional actors such as Turkey and Israel. Recommendations on why and how the new US administration should intervene to decrease regional tensions are provided. Paper prepared in the framework of the IAI-Eni Strategic Partnership, January 2021.
Topic:
Economics, Geopolitics, and Rivalry
Political Geography:
Turkey, Middle East, Israel, Greece, Libya, Lebanon, Egypt, Cyprus, Mediterranean, and Gulf Nations

37. Greece-Israel Relations Help Stabilize the Eastern Mediterranean

Author:
Eran Lerman
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Amidst global turmoil, with Ankara seeking to lure away key regional players, the Greece-Israel partnership is a pillar of effective regional strategy.
Topic:
Diplomacy, Regional Cooperation, Political stability, Strategic Stability, and Strategic Interests
Political Geography:
Europe, Middle East, Israel, Greece, and Mediterranean

38. Biden’s Eastern Mediterranean Agenda

Author:
Eran Lerman
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Establishing coherent US policy regarding brewing conflict in the eastern Mediterranean should be a Biden administration priority. By restraining Erdogan’s ambitions, the US can add to stability and rebuild bridges with key European players and traditional US allies. The governments of Israel and Greece, in consultation with Egypt, should work together to advance this perspective in Washington.
Topic:
Foreign Policy, Diplomacy, Military Strategy, Leadership, and Conflict
Political Geography:
Europe, Turkey, Middle East, Israel, Greece, North America, United States of America, and Mediterranean

39. All Hands on Deck: the Crisis in the Eastern Mediterranean and the Need for US Leadership

Author:
Alexandros Zachariades
Publication Date:
10-2020
Content Type:
Working Paper
Institution:
LSE IDEAS
Abstract:
Crisis has returned to the Eastern Mediterranean where Greek and Turkish economic interests, legal claims, and armed forces are squaring off. In this Strategic Update, Alexandros Zachariades explores how the two NATO powers arrived at the current confrontation, how the contest intersects with issues ranging from China to Libya, and how the international community can resolve the tension.
Topic:
International Relations, Foreign Policy, NATO, Economics, and Leadership
Political Geography:
China, Turkey, Greece, Libya, United States of America, and Mediterranean

40. Structural Shifts and Regional Security: A View from Israel

Author:
Ehud Eiran
Publication Date:
04-2020
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Israel is still holding to its traditional security maxim. Based on a perception of a hostile region, Israel’s response includes early warning, deterrence and swift – including pre-emptive – military action, coupled with an alliance with a global power, the US. Israel is adjusting these maxims to a changing reality. Overlapping interests – and perhaps the prospect of an even more open conflict with Iran – led to limited relationships between Israel and some Gulf states. These, however, will be constrained until Israel makes progress on the Palestine issue. Israel aligned with Greece and Cyprus around energy and security, which may lead to conflict with Turkey. Russia’s deployment in Syria placed new constraints on Israeli freedom of action there. The US’s retrenchment from the Middle East is not having a direct effect on Israel, while the Trump administration’s support for Israel’s territorial designs in the West Bank may make it easier for Israel to permanently expand there, thus sowing the seeds for future instability in Israel/Palestine. The EU could try and balance against such developments, but, as seen from Israel, is too divided to have a significant impact. Paper produced in the framework of the FEPS-IAI project “Fostering a New Security Architecture in the Middle East”, April 2020.
Topic:
Security, Foreign Policy, Defense Policy, Gas, and Hezbollah
Political Geography:
Russia, Iran, Middle East, Israel, Greece, Palestine, Saudi Arabia, Cyprus, United States of America, and Mediterranean

41. The Interests of Eastern Mediterranean States and Israeli Policies

Author:
Mitvim
Publication Date:
02-2020
Content Type:
Working Paper
Institution:
Mitvim: The Israeli Institute for Regional Foreign Policies
Abstract:
This paper scans the interests and activities of Greece, Cyprus, Turkey and Egypt in the Mediterranean Basin – their varying and competing interests, their points of convergence and cooperation, and the challenges and opportunities for Israel. The paper is based on the main points raised at the third meeting of the working group on Israel in the Mediterranean, held in September 2019 in the Herzliya offices of the Friedrich-Ebert-Stiftung at the initiative of the Mitvim Institute, the Hebrew University’s Leonard Davis Institute for International Relations and Haifa University’s National Security Studies Center. The paper shines a spotlight on key elements in regional relationships and significant activity taking place in the Mediterranean Basin, which Israel must consider in formulating and executing policy. It is based on the presentations and discussions conducted at the event and does not reflect agreement among all participants.
Topic:
International Relations, Foreign Policy, and Economy
Political Geography:
Turkey, Middle East, Israel, Greece, Palestine, Egypt, Cyprus, and Mediterranean

42. Education and wage inequalities in Greece: access to higher education and its effects on income

Author:
Pery Bazoti
Publication Date:
02-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The educational system in Greece has always been at the center of public discourse, not only for the shortcomings of its design, but also for the quality of the education offered. In this context, during the last decades, the rise in wage inequalities had led the literature to investigate the existence of a possible causal relationship between the level of education and income inequality. The present paper by Pery Bazoti examines the relationship between tertiary education and economic inequality. Taking into consideration the fact that potential inequalities in access to education can hinder the redistributive role of education, the starting point of the study is the access to tertiary education. The design and flaws of the Greek education system prevent university candidates from equal opportunities since the entrance to tertiary education institutions relies heavily on the economic background of their families. The economic crisis highlighted these inequalities mainly through the decline of the disposable household income and exacerbated the already crippled abilities of the education system due to the extensive cuts that took place during this time. Nevertheless, the data reveals that private expenditure -typically related to students’ preparation for exams for entrance into university, despite its decrease, continues to have the larger share of the households’ education budget.
Topic:
Education, Reform, Inequality, and Public Policy
Political Geography:
Europe and Greece

43. Bank recapitalizations in Greece: From state-led bailouts to the ownership transfer of banks to foreign hands

Author:
Athanasios Kolliopoulos
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
A decade after the conclusion of the first economic adjustment programme in 2010 and despite three consecutive recapitalizations, Greek banks still suffer from the highest Non-Performing Loans ratio in the Eurozone, with credit expansion in the “real economy” remaining anemic. Furthermore, the overall impact on public debt from government financial support to Greek banks over the last decade was one of the largest among the Eurozone countries. What went wrong? What were the reasons that the domestic financial system ended up in this exceptionally sad state? Why did the recapitalization policy not have the desired outcome? Exploring these questions throughout the literature of responses to banking crises, this paper shows that recapitalization policy in Greece failed to exploit the advantages of the principal forms of bank rescues. In fact, the significant inertia prevailing among authorities and bankers throughout the recapitalizations brought about the ownership transfer of the Greek banking system to foreign hands (“dehellenization”) after the third recapitalization in late 2015. You may acces the full paper by Dr. Athanasios Kolliopoulos, Postdoctoral Researcher at the Athens University of Economics and Business, here.
Topic:
Financial Crisis, Banks, Recapitalizations, Bailout, and Banking Crisis
Political Geography:
Europe and Greece

44. The Greek-Turkish Maritime Disputes: An International Law Perspective

Author:
Efthymios Papastavrdis
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
This Policy Paper by Efthymios Papastavridis, Research Associate of ELIAMEP; Researcher and Part-time Lecturer, University of Oxford Fellow; Academy of Athens & Athens PIL Center, examines the maritime disputes between Greece and Turkey, in particular those concerning maritime delimitation and the breadth of the territorial sea of Greece, against the background of international law. It starts with setting out the historical and legal background of the continental shelf dispute in the Aegean Sea, in particular Greece’s applications before the International Court of Justice (ICJ) and the UN Security Council in 1976. Then, the paper considers the different legal positions of Greece and Turkey concerning the issues of the breadth of the territorial sea and the maritime delimitation and assesses these positions under international law. This assessment is followed by the discussion of the various means available under international law for the settlement of the maritime delimitation dispute under international law, in particular, its submission to the ICJ, which has often been at the front line of public and scholarly discourse. The paper concludes that international law provides a sufficient, clear and predictable legal framework for the resolution of the Greek-Turkish maritime dispute, which will be of the outmost benefit for both States and for the Eastern Mediterranean region as a whole.
Topic:
International Law, United Nations, and Maritime
Political Geography:
Europe, Turkey, Greece, Mediterranean, and Aegean Sea

45. Greek-American relations: what next?

Author:
George Tzogopoulos
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
With President Donald Trump and Prime Minister Kyriakos Mitsotakis scheduled to meet early this January, Dr. George Tzogopoulos, Research Fellow at ELIAMEP, outlines the course of Greek-American relations from 2015 onwards. Dr. Tzogopoulos argues that Athens and Washington DC have entered a period of strong cooperation that can be further consolidated in 2020. Defense, energy and trade are the main focal points. The agenda includes the need to create a new security environment in the Mediterranean – with Greece playing a key role. The excellent status of Greek-American relations creates new opportunities for closer bilateral cooperation on defense, energy and trade. The region of Northern Greece becomes of gradually higher significance for the US. US foreign policy towards Greece reflects its interest in restraining Russian influence. While anti-Americanism in Greece is declining, there is widespread concern in the domestic public sphere on whether the US will support Greece in the case of a crisis with Turkey in the Eastern Mediterranean. US support to the trilateral cooperation of Greece-Israel-Cyprus will be reinforced through the Eastern Mediterranean Security and Energy Partnership Act. The US-Greece Strategic Dialogue and NATO Mediterranean Dialogue are useful instruments for strengthening Greece’s role in the South, contributing towards a new security landscape.
Topic:
Security, Energy Policy, Bilateral Relations, and Trade
Political Geography:
Europe, Greece, North America, and United States of America

46. Greek-Russian Relations: A Potential to Mend Strained Ties

Author:
George Tzogopoulos
Publication Date:
10-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The relationship between Greece and Russia requires a careful management following the diplomatic crisis of the 2018 summer. The visit of Foreign Minister Sergey Lavrov to Athens offers an opportunity for a sincere dialogue between the two countries. Greece and Russia can either agree on their disagreements or search for a new way forward based on realism and common interests. A sincere dialogue should leave illusions aside and concentrate on joint interests.
Topic:
Security, Foreign Policy, Bilateral Relations, and Strategic Interests
Political Geography:
Russia, Europe, and Greece

47. How ‘demos’ met ‘cracy’: debt, inequality, money

Author:
Andreas Antoniades and Ugo Panizza
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
The recurrence of ever more destructive economic crises and patterns of pervasive indebtedness and inequality threaten the social fabric of our societies. Our main responses to these trends have been partial, focusing on symptoms rather than causes, often exacerbating rather than improving the underlying socio-economic dynamics. To reflect on these conditions and on ‘what needs to be done’ this paper turns to a similar socio-economic malaise faced by the city-state of Athens in the 6th century BC. Most historical studies dealing with this crisis focus on the comprehensive debt relief policy (seisachteia) implemented by Solon. We argue that this debt relief, although necessary, was the least important of Solon’s reforms. Solon read the problem of debt as a problem of money so he went on to reform the monetary and exchange system. But he did not think that these reforms alone could restore socioeconomic sustainability. For this, a redefinition of what was counted as valuable economic activity and as income had also to take place. And for all these to work, citizens had to be involved more in the commons. Far from only achieving socioeconomic sustainability, these reforms gave rise gradually to the demos that we meet in the golden age of Democracy. It is indeed interesting that Democracy, in its ideal type of the 5th century BC, finds its origin in the way in which a society responded to a major socioeconomic crisis, characterised by pervasive indebtedness and destabilising inequalities. Such a broader historical horizon may help us grasp better the problems, stakes and challenges of our times.
Topic:
Debt, Political Economy, History, Democracy, and Global Political Economy
Political Geography:
Greece and Global Focus

48. Unequivocal Diplomatic Support for the EEZ Agreement between Greece and Egypt

Author:
Eran Lerman
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Israel should act to ensure that the Greek-Egyptian EEZ delimitation map is globally endorsed, as opposed to the Turkish-GNA alternative, and work in the American arena to curb Erdogan’s ambitions.
Topic:
Diplomacy, Bilateral Relations, Peace, and Strategic Interests
Political Geography:
Africa, Europe, Turkey, Greece, Egypt, and Mediterranean

49. Israel, Greece, and the Turkish Challenge: Acute Testing Lies Ahead

Author:
Eran Lerman
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Israel is unable to get directly involved in eastern Mediterranean hostilities, should they erupt. But it can and should cooperate closely with Greece in intelligence matters and arms acquisition and coordinate political action with Greece in Washington. The US stance largely will determine the practical scope of Erdogan’s ambitions.
Topic:
Regional Cooperation, Military Strategy, Hegemony, and Conflict
Political Geography:
Europe, Turkey, Middle East, Israel, and Greece

50. The Struggle for the Mediterranean: The EMGF Stake in the Libyan Civil War

Author:
Eran Lerman
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Dramatic gains on the battlefield by the forces loyal to the Turkish-backed “Government of National Accord” in western Libya have given Erdogan a victory, which may endanger the future of the eastern Mediterranean. Italy, Greece, Cyprus, Egypt and Israel must coordinate their policies in response. A tripartite Greek-Cypriot-Israeli summit should be held urgently to annul the GNA-Libyan EEZ agreement, to present an alternative map of the Mediterranean, and to encourage a robust reaction of the EU. The US must be persuaded to pressure Turkey revoke the EEZ MoU (while still letting Erdogan take pride in saving the GNA from ruin).
Topic:
Diplomacy, Regional Cooperation, Hegemony, and Conflict
Political Geography:
Africa, Europe, Turkey, Middle East, Israel, Greece, Italy, Cyprus, and Mediterranean

51. The Struggle for the Eastern Mediterranean: Israel’s Role following the Berlin Summit on Libya

Author:
Eran Lerman
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Everything short of a military confrontation needs to be done, though, to deter Erdogan from establishing a barrier diagonally across the Mediterranean, barring Cyprus, Egypt and Israel from connecting their gas infrastructure to Greece and hence to Europe.
Topic:
Military Strategy, Natural Resources, Infrastructure, Gas, and Conflict
Political Geography:
Europe, Turkey, Middle East, Israel, Greece, and Mediterranean

52. Israel-Greece-Cyprus take on Turkey in the Mediterranean

Author:
Joshua Krasna
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Trilateral cooperation among Israel, Greece and Cyprus to build a natural gas subsea pipeline is setting the stage for more tensions with Turkey in the Eastern Mediterranean.
Topic:
Diplomacy, Regional Cooperation, Natural Resources, Gas, and Conflict
Political Geography:
Europe, Turkey, Middle East, Israel, Greece, Cyprus, and Mediterranean

53. Guiding Principles for Israel’s Foreign Policy toward the Eastern Mediterranean

Author:
Mitvim
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Mitvim: The Israeli Institute for Regional Foreign Policies
Abstract:
In recent years, the Eastern Mediterranean has become a central focus of world powers, of states in the Middle East, Europe, and beyond, and of international corporations. Regional geopolitical developments, as well as economic opportunities generated by natural gas discoveries in the Mediterranean, have contributed to this trend and turned the Eastern Mediterranean into a distinct sub-region perceived as having unique features. Israel plays a central role in this development. Israeli diplomacy identified these trends correctly, successfully becoming an active and dominant player in the region. The natural gas findings in Israel’s exclusive economic zone (EEZ) provide it with a wider range of diplomatic options, helping it promote relationships with various states in the region; including some engaged in conflict with each other. Israelis regard the Mediterranean as an important component of their identity, as reflected in the 2018 Israeli Foreign Policy Index of the Mitvim Institute, in which 22 percent of those surveyed claimed Israel belongs predominantly to this region (compared with 28 percent who said it belongs to the Middle East and 23 percent to Europe).
Topic:
Foreign Policy, Diplomacy, Conflict, and Peace
Political Geography:
Turkey, Middle East, Israel, Greece, Palestine, Lebanon, Cyprus, and Mediterranean

54. How International Oil Companies Could Assist Greece to Achieve the Sustainable Development Goals: A Conversation Starter

Author:
Alexandra Sdoukou, Andrea Tornaritis, and Perrine Toledano
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
This policy paper wishes to be a timely contribution towards a fruitful debate among stakeholders; it urges International Oil Companies (IOCs) to examine how the critical Sustainable Development Goals (SDGs) for Greece can be integrated into their core business so that the oil and gas industry can contribute to the country’s sustainable growth.
Topic:
Energy Policy, International Cooperation, Oil, Natural Resources, Gas, and Sustainable Development Goals
Political Geography:
Europe, Greece, and Mediterranean

55. The refugee ‘crisis’ in Greece: politicisation and polarisation amidst multiple crises

Author:
Angeliki Dimitriadi and Antonia-Maria Sarantaki
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The European refugee “crisis” of 2015 first and foremost unfolded in Greece at a critical period for the country and its place in the EU. Amidst the threat of Grexit and domestic political turmoil, the arrival of the refugees raised to the forefront questions of responsibility and burden sharing between Greece and its EU partners. Drawing from de Wilde’s analytical framework, this paper tried to explore whether the question of responsibility became an issue of politicisation in Greece as well as polarisation and whether it resulted in policy change on migration. The analysis draws from three types of sources: online media, parliamentary debates & party announcements, and public opinion polls. Two periods are investigated: the discussion on relocation from May 2015 to November 2015 and the discussions on the EU-Turkey Statement of March 2016. Politicisation of migration pre-existed the crisis and acquired further salience during 2015-2016. Polarisation, in contrast, featured less in 2015, due to the focus on Grexit, but acquires salience in 2016 following the EU-Turkey Statement. Nonetheless two common themes underscore both periods. There is convergence (with varying degrees of intensity) in blaming the member states for failing to adhere to their responsibility and for showing little solidarity. Similarly, there is a broad convergence that migration policy is designed by the European Union and its institutions, with Greece only responsible for the implementation. Thus, the polarisation of 2016 over migration focuses more on the government’s poor implementation and less on the policies initiated at the EU level.
Topic:
European Union, Refugee Crisis, Asylum, and Polarization
Political Geography:
Europe and Greece

56. A Stronger Mediterranean Partnership: Why More Than Gas is at Stake

Author:
Eran Lerman
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Israel, Egypt, Greece and Cyprus must encourage the US to assert a higher military and diplomatic profile as a counterweight to Turkish pressures, Russian and Iranian ambitions, and Chinese inroads.
Topic:
Diplomacy, Energy Policy, Military Strategy, and Foreign Interference
Political Geography:
Russia, China, Europe, Iran, Turkey, Middle East, Israel, Greece, Asia, North America, Egypt, Cyprus, and United States of America

57. Structure, Agents and Discourse in Managing Economic Crises: The Case of Greece, 2009-2017

Author:
Dimitris Tsarouhas
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
This article focuses on the discursive frames used by policy entrepreneurs in Greece as they attempted to deal with the 2009 crisis and analyses the role played by discourse in handling the crisis’ consequences. Adopting a historical institutionalist framework, I argue that ineffective policy outcomes can be attributed to a path- dependent logic enshrined in the country’s political economy structures following the transition to democracy post-1974. Moreover, the reaction of policy entrepreneurs to the crisis was reinforced by their discursive logic of action, itself embedded in the state’s institutional matrix. Procrastination, a refusal to face an uncomfortable reality and politics as usual colours the response of Greek actors to the country’s biggest crisis in recent memory.
Topic:
International Relations and Political Theory
Political Geography:
Greece

58. The Greek Crisis and Its Repercussions on the Balkan Neighbourhood: The End of the Myth

Author:
Marilena Koppa
Publication Date:
10-2018
Content Type:
Working Paper
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
This article explores the role of Greece in the Balkans since the end of Communism and the impact of the sovereign debt crisis that followed. Since the beginning of the 1990s, while Greece failed to accomplish its vocation at the political level, at the level of the economy the country acted as an important regional actor. The article examines the dynamics of the Greek crisis on the Balkan economies and analyses the major challenges for Greece in this new reality. At the same times, it tries to identify the triple crisis faced currently by Greece: at the level of credibility and status, at the level of mediation between the region and the EU and, finally, at the level of the gradual peripherisation of the country.
Topic:
International Political Economy and Financial Crisis
Political Geography:
Greece

59. Trends in Israel’s Regional Foreign Policies: July-December 2018

Author:
Roee Kibrik and Nimrod Goren
Publication Date:
07-2018
Content Type:
Working Paper
Institution:
Mitvim: The Israeli Institute for Regional Foreign Policies
Abstract:
This document briefly outlines major trends in Israel’s regional foreign policies over the past six months. It is based on the Mitvim Institute’s monthly reports that cover ongoing developments in the Israeli-Palestinian peace process/conflict, Israel’s relations with the Middle East, Europe and the Mediterranean, and the conduct of Israel’s Foreign Service.
Topic:
Conflict Prevention, Foreign Policy, Diplomacy, Regional Cooperation, International Affairs, and Peace
Political Geography:
Russia, Turkey, Middle East, Israel, Greece, Jerusalem, Gaza, Syria, Egypt, Jordan, Cyprus, and European Union

60. The Fourth Trilateral Eastern Mediterranean Summit

Author:
Eran Lerman
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Amidst the tensions and transformations even of these dramatic days – the American withdrawal from the Iran deal, the violent confrontation in Syria, the ongoing Hamas provocations on the Gaza border, and the opening of the US embassy in Jerusalem – it was easy to lose sight of another landmark event. It is remarkable that by now a tripartite summit of Prime Minister Netanyahu and his fellow eastern Mediterranean leaders – President Anastasiades of Cyprus and Prime Minister Tsipras of Greece – is no longer remarked upon. Their meeting was the fourth of its kind. It has now become part of a broader pattern of consolidated cooperation between the three countries. Still, the (exceedingly long) joint statement issued in Nicosia on May 8 is a striking document. Like its predecessors (January 28, 2016 in Nicosia, December 8, 2016 in Jerusalem, and June 15, 2017 in Thessaloniki), the statement asserts that this is not an exclusive club. “Like minded” nations are urged to join the efforts to make the eastern Mediterranean safer, more stable and more prosperous.
Topic:
Foreign Policy, Diplomacy, International Cooperation, and Peace
Political Geography:
Europe, Middle East, Israel, Greece, Cyprus, and Mediterranean

61. Eastern Mediterranean Summitry

Author:
Eran Lerman
Publication Date:
11-2018
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
The Greek-Cypriot-Egyptian summit held last month in Crete focused on energy connectivity and Turkish threats, but it also paid lip service to Egyptian pro-Palestinian messages, which is problematic.
Topic:
Diplomacy, Regional Cooperation, Military Strategy, and Conflict
Political Geography:
Europe, Turkey, Middle East, Israel, Greece, Palestine, Egypt, Cyprus, and Mediterranean

62. East Mediterranean Partnership Signals an Energy Revolution

Author:
Emmanuel Navon
Publication Date:
12-2018
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Natural gas has turned Greece from a rival to an ally just as relations between Israel and Turkey started deteriorating.
Topic:
Diplomacy, Energy Policy, International Cooperation, and Regional Cooperation
Political Geography:
Europe, Turkey, Middle East, Israel, Greece, and Mediterranean

63. Welcome Home in a Crisis: Effects of Return Migration on the Non-migrants' Wages and Employment

Author:
Ricardo Hausmann and Ljubica Nedelkoska
Publication Date:
01-2017
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Over the past few decades, migration from developing to developed countries was often viewed as 'brain drain', as talented workers were forced out of their home countries due to lack of competitive opportunities. The population that left these countries and settled in the more economically advanced parts of the world have, over time, acquired financial capital and built social networks within host countries. Hence, while the home countries were still suffering from the scarcity of knowhow, significant shares of their populations began to actively engage in more productive economies. It seems that, through migration, developing countries had unexpectedly created significant networks of human and financial capital abroad. But are these foreign networks transferring knowhow back to their home countries? It turns out that those same reasons that induced the economic migration in the first place, often make it difficult for migrants to engage afterwards. What would happen, however, if a large proportion of these diasporas was forced to return back to their home country - would that lead to knowhow transfer? Our study investigates the impact of such an abrupt return migration wave between Greece and Albania.
Topic:
Development, Migration, Labor Issues, Developing World, and Economy
Political Geography:
Europe, Eastern Europe, Greece, and Albania

64. One Year Stranded and What’s Changed? An Update to the October 2016 Joint NGO Policy Brief on the Situation for Displaced Persons in Greece

Author:
Oxfam Publishing
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
It is one year since the introduction of Europe’s flawed migration policies to close borders along the Western Balkan route and return migrants and refugees to Turkey, leaving thousands stranded in Greece. This update provides an overview of the current situation in Greece, and sets out what eight national and international responding agencies see as the most urgent issues to address and the major concerns with Europe’s response to this crisis.
Topic:
Regional Cooperation, Refugee Crisis, Borders, and NGOs
Political Geography:
Europe, Turkey, Greece, Asia, and Balkans

65. Embracing Islamic Finance in Greece. A preliminary analysis

Author:
Evangelos Venetis
Publication Date:
04-2016
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Nowadays Islamic finance is gradually becoming an important part of the international financial system. During the ongoing financial crisis, the role of Islamic finance for the stabilization of the international financial system appears to be strong and promising due to its ethical principles and religious foundation. This analysis focuses both on the quantitative and qualitative examples of the economic upheaval in the Eurozone and Greece and explores the prospects of introducing and developing possible prospects of Islamic finance in the Greek economy.
Topic:
International Political Economy
Political Geography:
Greece

66. Europe, Don't Let Us Down: Voices of refugees and migrants in Greece

Author:
Renata Rendon and Matta Samiou
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
Since the beginning of 2015 more than one million migrants, including refugees, fleeing war, persecution, natural disasters and poverty, have travelled through Turkey to Greece in search of safety and a dignified life in Europe. Lacking safe and legal alternatives, they put their lives in the hands of smugglers and risk everything during perilous sea and land crossings. Oxfam and ActionAid have listened to hundreds of refugee and migrant women and men on Lesvos island, in Athens and in the Epirus region of northwest Greece to understand why they fled their countries, what their immediate needs are, and what they plan to do next. This paper presents the key messages that they want European people and their governments to hear.
Topic:
Migration, Refugees, Refugee Crisis, and Humanitarian Crisis
Political Geography:
Europe, Turkey, and Greece

67. Hotspots, Rights Denied: The lack of a legal framework is threatening the rights of migrants reaching Italy

Author:
Guilia Capitani
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
The flow of migrants into Italy continues to be dealt with as an 'emergency' situation. The EU's 'hotspot' approach, outlined in the European Agenda for Migration of May 2015 as a short-term measure, has been implemented in Italy and Greece and is an approach involving EU officers, in collaboration with national authorities, in the identification, fingerprinting and registration of migrants. This paper from Oxfam Italia examines the hotspot approach in Italy through the experiences of humanitarian agencies and civil society organizations on the ground, and through the voices of migrants themselves. It concludes that, due to the lack of a legal framework, the hotspot approach seriously violates the fundamental rights of people reaching Italian shores. Oxfam calls for the Italian government and the European Union to define hotspot procedures and activities in EU and national regulations and to take medium-term action to expand the capacity of the receiving and support systems in Italy.
Topic:
Migration, Diaspora, Immigration, Refugees, and Legal Theory
Political Geography:
Europe, Greece, Italy, and Mediterranean

68. Where Next for the Euro Zone?

Publication Date:
02-2015
Content Type:
Working Paper
Abstract:
The political and economic events taking place in Greece and across Europe are shaking confidence in the future of the euro zone, and the spotlight has been focused on where the economic future of Europe lies. This report provides a snapshot of The Economist Intelligence Unit's outlook for some of Europe's most important as well as some of its most fragile member states: Greece, Spain, France, Germany, Italy and Ireland. Each article analyses current political and economic events, forecasting short- and long-term trends that help you to influence decision-making and economic outcomes for your business.
Political Geography:
Greece, France, Germany, Spain, Italy, and Ireland

69. Global risk hotspots: an EIU assessment

Publication Date:
04-2015
Content Type:
Working Paper
Abstract:
Now, more than ever, financial institutions require authoritative and trusted assessments of credit risk to pursue profitable opportunities in challenging markets. This report provides a snapshot of some of the capabilities of The Economist Intelligence Unit's (The EIU's) risk assessment services. It analyses risk scenarios in depth, to help you understand and respond to risks that could impact your business. The EIU can help you assess and compare cross-border credit and financial risk in 128 markets worldwide. Our Country Risk Service provides in-depth ratings enables you to swiftly identify countries which are experiencing a deterioration or improvement in creditworthiness and to rank countries in order of riskiness, it's a valuable tool to help your organisation to optimise its country credit limits.
Topic:
Markets
Political Geography:
Russia, Greece, Brazil, and Italy

70. The Greek “Rescue”: Where Did the Money Go?

Author:
Pablo Gabriel Bortz
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
This paper analyses the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank and IMF). It looks particularly carefully at claims by Sinn that a third of the public credit granted to Greece financed its current account deficit, while another third funded capital flight by Greek nationals, with only the remaining third used to pay creditors. The paper shows that Sinn inflates the assistance given to Greece by mixing several different concepts in the total. It also critically reviews the claim that the assistance was used to finance the current account deficit or capital flight by Greek citizens. Realistic accounting shows that 54% of the financial assistance provided to Greece was used to repay (foreign) debt, while another 21% was used to recapitalize Greek banks (some of which were owned by foreign institutions). Other claims about the rescue package are also analysed in relation to the treatment of Greek and foreign banking exposure to sovereign debt.
Topic:
Economics, Finance, Banking, and Development Assistance
Political Geography:
Europe and Greece

71. Laid Low: The IMF, The Eurozone and the First Rescue of Greece

Author:
Paul Blustein
Publication Date:
04-2015
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
As Greece descended into a financial maelstrom in the spring of 2010, a small group of staffers at the International Monetary Fund (IMF) held top-secret talks with officials from the German and French finance ministries to discuss the idea of restructuring Greece’s debt. Many independent analysts believed a restructuring was inevitable because the country’s debt burden appeared unsustainable. But instead, the “Troika” — the tripartite group of lenders that included the IMF, the European Commission and European Central Bank — attempted to resolve the crisis by giving Athens bailout loans of unprecedented magnitude, piling debt atop debt. The idea considered in those secret talks would come to fruition only much later, in March 2012, when Greece received the largest debt relief in history. In the meantime, the rescue effort would go terribly awry, with consequences that continue to reverberate today as the euro area struggles with weak growth and a rekindled crisis in Greece. This paper tells the story of the first Greek rescue, focusing on the role played by the IMF. A detailed look back at this drama elucidates significant concerns about the Fund’s governance and its management of future crises. The Fund has come under attack for yielding to the clout of European policy makers and lending its credibility to a rescue that some of its senior staffers viewed with grave misgivings. The result, critics lament, tarnished the Fund’s reputation for technocratic judgment, rendering it less effective at promoting international stability. The 2010 rescue enabled Greece to avoid default at that point, which might well have sparked a global conflagration akin to the 2008 bankruptcy of Lehman Brothers. European banks holding Greek bonds continued receiving payments of interest and principal for quite a long time thereafter, from the money lent by the Troika. But the interests of the Greek people were arguably sacrificed, and among economists there is widespread agreement that the country’s debt should have been restructured much sooner. In addition to shedding new light on what happened, this chronicle of events highlights the importance of the IMF’s acceptance, as a condition of its participation in the rescue, of a “junior partner” role in the Troika. This step is judged in the concluding section as being particularly ill-boding for the IMF’s ability to manage future crises, and policy recommendations are offered for alleviating the harm.
Topic:
Debt, Diplomacy, Regional Cooperation, Fiscal Policy, Eurozone, and IMF
Political Geography:
Europe and Greece

72. Three Myths Behind the Case for Grexit: A Destructive Analysis

Author:
Photis Lysandrou
Publication Date:
06-2015
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
Greece faces a stark choice: either to compromise on the terms laid down by its international creditors and thereby remain in the eurozone or reject any compromise on the terms and exit the eurozone. The Syriza government was elected in January, 2015, on the double promise that it would tear up the deeply unpopular memorandum imposed by the Troika while at the same keeping the euro. It was a promise that it could not keep. After several months of tough negotiations it has become clear that Greece's creditors, led by the German government, have no intention of accepting a renegotiated deal that substantively lightens Greece's debt burden and thus the need for the type of harsh austerity measures contained in the memorandum.
Topic:
Debt, Economics, Government, and Financial Crisis
Political Geography:
Europe and Greece

73. Insecticide Resistance and Malaria A Threat Decades in the Making

Author:
William G. Brogdon, Anthony Fiore, S.P. Kachur, Laurence Slutsker, and Robert A. Wirtz
Publication Date:
12-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Insecticide (DDT) use to control malaria was first employed successfully in the antimalaria program in Greece in 1947. By 1951, DDT success in controlling malaria was reported in 22 countries. However, that year also saw the first report of DDT resistance, in Anopheles sacharovi in Greece. By 1954, resistance to DDT among mosquitos was known to be a global problem, documented in Europe, the Americas, Africa, and Asia. The World Health Organization–led Global Malaria Eradication Program (GMEP) began in 1955, when resistance was already pronounced worldwide. Scientists did not identify the underlying biochemical mechanism contributing to insecticide resistance until 1958. By then, insecticide resistance was recognized by many to be a major contributor to the ultimate dismantling of GMEP, given the limited capabilities and knowledge of the time. Consequently, the global focus shifted from malaria “eradication” to malaria “control” in the late 1960s.
Topic:
Environment, Health, and Infectious Diseases
Political Geography:
Africa, Greece, and Asia

74. Sovereign Debt Crisis Management: Lessons from the 2012 Greek Debt Restructuring

Author:
Miranda Xafa
Publication Date:
06-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
The 2012 Greek debt exchange was a watershed event in the euro area debt crisis. It generated fears of contagion and was viewed as a threat to the euro itself. Although it achieved historically unprecedented debt relief, amounting to €106 billion (55 percent of GDP), it was “too little, too late” in terms of restoring Greece's debt sustainability. There is a heated debate as to whether the debt restructuring should have taken place sooner, when Greece's adjustment program was agreed to in May 2010. This paper argues that a deep haircut up front, under threat of legislative action, would have been seen as unnecessary and deeply coercive. But delaying the restructuring beyond mid-2011, when it became clear that Greece's debt was unsustainable, was unjustified. The delay reduced the stock of privately held debt subject to a haircut, possibly making an official debt restructuring inevitable down the road. Initial fears that the Greek debt restructuring would pose a serious threat to the euro area's financial stability proved to be exaggerated. On the contrary, it demonstrated that an orderly default involving a pre-emptive debt restructuring is possible in a monetary union, provided appropriate firewalls are in place to limit contagion risks. With crisis management institutions and procedures now in place in the euro area, and with much stricter fiscal surveillance, the Greek experience is likely to remain unique in the history of debt restructurings; however, some lessons can be learned from its specific features.
Topic:
Debt and Governance
Political Geography:
Europe and Greece

75. Staying on side: how to stop match-fixing

Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Transparency International
Abstract:
Transparency International, the Association of European Professional Football Leagues (EPFL) and the German Football League (DFL) came together to share experiences on how to reach our common goal: to raise awareness about match-fixing and develop educational materials and approaches to help prevent it. The project, which was co-funded by the European Commission, included representatives from Transparency International chapters and professional football leagues in Germany, Greece, Italy, Lithuania, Portugal and the United Kingdom, and participation by leagues in Norway and Poland.
Political Geography:
United Kingdom, Europe, Norway, Greece, Poland, Lithuania, Germany, Italy, and Portugal