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181. 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

182. Protest Diffusion and Cultural Resonance in the 2011 Protest Wave

Author:
Paulo Gerbaudo
Publication Date:
02-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The 2011 protest wave, encompassing the Arab Spring revolutions, the Indignados movement in Spain and Greece, and the Occupy Wall Street movement has often been described as a new global protest cycle. However, the dynamics of diffusion suggest a more complex picture. Transmission of protest frames and repertoires from one country and cultural region to another was quite slow and tortuous. Moreover, adoption of the new ideas and practices of protest spawned by the protest wave of 2011 involved laborious dynamics of cultural translation and domestication. This situation points to the continuing importance of local protest cultures and cultural contexts, in addition to channels of transmission, even in an era of instantaneous communication technologies.
Topic:
Communications
Political Geography:
Greece and Arabia

183. 'Broken and Can't Be Fixed': The Impact of the Economic Crisis on the Greek Party System

Author:
Susannah Verney
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
The Greek election of May 2012 failed to produce a government, resulting in repeat elections six weeks later. This shock outcome was a symptom of a broader delegitimation of the national political system. Over the past decade Eurobarometer data show a much more extensive loss of confidence in political institutions in Greece than in the European Union as a whole. In a first phase, rising political discontent was managed within the traditional political framework through alternation in power between the two major parties. In contrast, the second phase, following the outbreak of the Greek sovereign debt crisis, led to the dramatic fragmentation of the party system and changed the mode of government formation. This process is not reversible and entails serious democratic dangers.
Topic:
Debt, Economics, and Government
Political Geography:
Europe and Greece

184. 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 (CSIS)
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

185. 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

186. 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

187. The Greek Debt Restructuring: An Autopsy

Author:
Jeromin Zettelmeyer, Christoph Trebesch, and Mitu Gulati
Publication Date:
08-2013
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief— over 50 percent of 2012 GDP—with minimal financial disruption, using a combination of new legal techniques, exceptionally large cash incentives, and official sector pressure on key creditors. But it did so at a cost. The timing and design of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers, and set precedents—particularly in its very generous treatment of holdout creditors—that are likely to make future debt restructurings in Europe more difficult.
Topic:
Debt, Economics, Monetary Policy, and Financial Crisis
Political Geography:
Europe and Greece

188. Güney Avrupa'da Ekonomik Kriz ve Toplumsal Hareketler

Author:
Burak Cop
Publication Date:
02-2013
Content Type:
Working Paper
Institution:
Global Political Trends Center (GPoT)
Abstract:
The southern European countries are those who have been affected the most by the EU sovereign debt crisis. However, compared with Greece and Spain, Italy and Portugal are in relatively better positions in terms of their debt/GDP rate and unemployment figures. There has been a strong popular reaction against the austerity measures in Greece, a country where leftist parties and trade unions have been traditionally strong. Due to the miserable conditions of the economy, the Greek government has been prevented from taking the publics demands into account. It is important to note that the political situation in Greece is very unstable leading to the potential relaxing of the austerity measures. There is no such instability in Spain and Portugal, making the probability of the relaxation of austerity measures unlikely, especially in Spain. Italy has the same potential for political instability as does Greece, and given that it is a country with relatively better conditions, in comparison with the others, some relaxation of the austerity measures may be expected if the centre-left coalition comes to power.
Topic:
Debt, Economics, Global Recession, Financial Crisis, Governance, and Reform
Political Geography:
Europe, Greece, and Spain

189. Those Who Knock on Europe's Door Must Repent? Bilateral Border Disputes and EU Enlargement

Author:
Andrew Geddes and Andrew Taylor
Publication Date:
11-2013
Content Type:
Working Paper
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
This paper explores a neglected aspect of the wider debate about EU enlargement; namely bilateral disputes between a Member State and an applicant, where the former uses, or threatens to use, its membership to block membership to resolve a dispute. As we show through analysis of three cases - Italy and Slovenia, Slovenia and Croatia, and Greece and Macedonia - the EU's transformative power does not always flow 'outwards' towards the state seeking membership. This raises interesting questions about enlargement as international bargaining between sovereign states filtered via a supranational entity formally responsible for the negotiations. Our cases suggest limits to the EU's transformative power in the context of disputes that are linked to the meaning and significance of borders. When enlargement intersects with identity politics, the result can be potentially destabilizing in ways that can lead to a decline in the EU's legitimacy. It is not surprising that the Commission prefers disputes to be resolved bilaterally or via a third-party.
Topic:
Regional Cooperation, Power Politics, and Territorial Disputes
Political Geography:
Europe, Greece, and Italy

190. Editor's Note

Author:
J.A. Dorn
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The heavy debt burdens of Greece and other European welfare states are the result of profligate entitlement spending and a lack of fiscal discipline. Both explicit debt and massive unfunded liabilities in pay-as-you-go social welfare programs must be resolved if Europe is to achieve long-run prosperity.
Political Geography:
Europe and Greece

191. Introduction: Europe's Crisis and the Welfare State

Author:
Michael Tanner
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Margaret Thatcher once quipped about the problem facing modern social welfare states: "They always run out of other people's money." Today, in country after country, we are seeing that prophetic remark coming true. The headlines have been dominated by the problems of the so called PIIGS (Portugal, Ireland, Italy, Greece, and Spain), which face the most immediate economic crisis and have required economic support from the International Monetary Fund and other European countries. However, even countries with relatively robust economies, such as France and Germany, are facing unprecedented levels of debt. Unless the countries of Europe reform their welfare states, they will face some combination of huge tax increases or default on their obligations, both explicit and implicit. The result will be social upheaval and continued economic stagnation. The tough choices facing those countries are playing out today in parliaments and on the streets. The future remains highly uncertain. But how much better off is the United States? Our national debt exceeds $16.4 trillion and is increasing at a rate of more than $3 million per minute. And that only represents the debt that is actually "on the books." If the unfunded liabilities of Medicare and Social Security are included, then U.S. total indebtedness could top 800 percent of GDP.
Topic:
International Monetary Fund
Political Geography:
United States, Europe, Greece, France, Spain, Italy, Portugal, and Ireland

192. Is America Becoming Greece?

Author:
Michael Tanner
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
It does not take more than a glance at the headlines to see that European countries are in trouble. From Greece to Britain, from France to Portugal, it is becoming clear that the modern welfare state is unsustainable, facing fiscal catastrophe, stagnant economic growth, punishing taxes, and prolonged joblessness. European countries are being forced, kicking and screaming, to rethink their approach to social welfare. But how much better off is the United States?
Political Geography:
Britain, United States, America, Europe, Greece, France, and Portugal

193. The Europe We Would Like to Inherit: Toward a Visionary New Pragmatism

Author:
Dustin Dehez, Muddassar Ahmed, Nafeez Mosaddeq Ahmed, Spela Kranjc, and Ivo Sobral
Publication Date:
07-2013
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Europe urgently needs to move forward on a number of crucial reforms simultaneously. To face the challenges of the recession, we need better economic integration. The crisis of the Euro zone is not only a debt crisis. What Europe is facing is a multitude of different crises, of which the debt crises in Greece, Cyprus, Spain, and Italy are only a small part. All European countries have accumulated huge debts, their social security models are facing an inevitable demographic challenge of enormous proportions. The conventional crisis management response—austerity—has failed to create a foundation for future economic stability. To survive, Europe needs to rethink the very foundations of its economic policies for a population that is older and a Europe more fractured. Europe needs to open itself up to immigration, foster regulation and integration of financial markets, overhaul social security structures set up decades ago, galvanize productive investment in new post-carbon industries that will create jobs and spur technological innovation, and invest in a security sector that is capable of projecting stability.
Topic:
Foreign Policy, Development, Economics, Politics, and Reform
Political Geography:
Europe, Greece, Spain, Italy, and Cyprus

194. The Race Equality Directive: A Shadow Report

Author:
Eefje de Kroon
Publication Date:
07-2013
Content Type:
Special Report
Institution:
Open Society Foundations
Abstract:
The Race Equality Directive: A Shadow Report collects lessons learned from the implementation of the Race Equality Directive in nine European Union member states. The Race Equality Directive is a piece of legislation adopted in 2000 by the Council of Ministers of the European Union implementing the principle of equality for all irrespective of racial or ethnic origin. The directive comes under review at the end of 2013, 10 years after its entry into force. The report includes data on Bulgaria, the Czech Republic, France, Germany, Greece, Hungary, Italy, the Netherlands, and Spain. Annex I contains summaries of developments in each of these member states. The report identifies trends in the challenges facing the countries examined, examples of successful or problematic implementation, and includes recommendations for improving effective implementation. Challenges to the implementation of the Race Equality Directive include: lack of disaggregated data needed to implement parts of this legislation and evaluate its effectiveness; unclear identification of proxy categories that can be used to detect discrimination on the ground of racial and ethnic origin; problems that impede effective access to and use of judicial (individual or collective) redress against discrimination; hindrances to alternative forms of individual (or collective) redress, through the equality bodies. Analysis is based on two sources of data: country reports by specialized international monitoring bodies (excerpts of these are contained in Annex II) and data generated through a short questionnaire (in Annex III) completed by independent experts and subject matter experts within the Open Society Foundations.
Topic:
Race, Law, Ethnicity, Discrimination, and Equality
Political Geography:
Greece, France, Germany, Bulgaria, Hungary, Spain, Italy, Netherlands, and Czech Republic

195. Turkey focus policy brief no:2 cyprus: is peace ever possible?

Author:
Baroness Hussein-Ece OBE
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Last week the All Party Parliamentary Group on Conflict Issues, held an event in Westminster. The meeting introduced a new concept where a network of Greek Cypriot and Turkish Cypriot civil society organisations (CSOs) were calling for a shake-up of the Cyprus peace process. They made a strong case to include a more central and active role for civil society, woman and young people to work in tandem with negotiations between the leaders of the two communities.
Topic:
Conflict Resolution and International Relations
Political Geography:
Turkey and Greece

196. İsrail 2012

Publication Date:
01-2012
Content Type:
Journal Article
Abstract:
The year 2012 was a critical year for Israel because of the political change in Egypt. Israeli relations with Turkey were also affected as the tension experienced in the region on social change shaken trust among neighbors. Tel Aviv holds that the uprisings in the Arab world signal continuous collapse of authoritarian regimes and thus inevitably pave the way for the rise of Islamic movements. Since the beginning of the uprisings in the Middle East, Israeli decision-makers remained on alert. Israel was directed to find new actors to resolve its loneliness in the region. These actors later appeared as Greece, Cyprus, Azerbaijan and Armenia. Their common feature is that all of these countries' relations with Turkey are somehow problematic. For Israel developing relationships with these countries also means cornering Turkey. On the other hand, there were also differences of opinion between the U.S. and Israel emerged in 2012 that should be noted. Indeed, 2012 saw that the seemingly unshakable alliance between the U.S. and Israel could in fact be in trouble following the two's differing responses to Iran's nuclear power ambitions. The latter issue showed that profound differences of opinion may well surface in the near future.
Political Geography:
Iran, Turkey, Middle East, Greece, Azerbaijan, Egypt, and Cyprus

197. The Role of Religion in the Scientific Revolution

Author:
Frederick Seiler
Publication Date:
12-2012
Content Type:
Journal Article
Journal:
The Objective Standard
Institution:
The Objective Standard
Abstract:
The Scientific Revolution of the 16th and 17th centuries was a defining moment in the history of Western Civilization. Modern science and the scientific method were born; the rate of scientific discovery exploded; giants such as Copernicus, Vesalius, Kepler, Galileo, Harvey, Newton, and countless lesser figures unlocked world-changing secrets of the universe. It has often been observed that such a revolution occurred only once in human history, and in one particular culture: the predominantly Christian culture of early-modern Europe. This observation gives rise to several questions: What role, if any, did Christianity play in the birth of modern science? Did faith give rise to science? Did a mixture of faith and reason give rise to it? Was Christianity somehow responsible—perhaps even necessary—for the rise of modern science, as some historians have argued? In short, what, if anything, does religion have to do with the Scientific Revolution? As long as science has existed, religionists have been attempting to reconcile religion and science. Recently, a new breed of scholars has asserted that religion itself—in particular Christianity—actually caused the birth of science. What are the facts of the matter? Toward answering that question, let us first review some earlier and relevant historical developments; then we will turn to relevant highlights of the Scientific Revolution itself. Science was born in ancient Greece among the pre-Socratics, who were the first to look for natural explanations of the world around them. Thales's claim that everything is made of water is significant because it assumes that the fundamental building block of the world is a natural substance. Embracing this naturalistic outlook, the Greeks of the classical and Hellenistic eras made important advances in astronomy, geometry, medicine, and biology—and established the fields of history, drama, political theory, and philosophy. Philosophy was especially important. Plato and Aristotle—the philosophical giants of Greece—created two dramatically different philosophical systems, especially in terms of their metaphysics and epistemologies. Plato, in exception to the general Greek attitude, proposed that the world we experience is not fully real. He maintained that the individual physical objects we see are imperfect, corrupted reflections of those in a higher reality. Plato called this higher dimension the world of the Forms and held that knowledge of this realm can be reached only via intuition. Although Plato revered mathematics, he did so for its alleged ability to train the mind to receive the Forms rather than as a means of gaining understanding of the physical world. Plato had little interest in studying this world.
Topic:
Development
Political Geography:
Europe and Greece

198. The Greek Crisis and the Search for Political Leadership

Author:
Dimitrios Katsikas
Publication Date:
12-2012
Content Type:
Journal Article
Journal:
The International Spectator
Institution:
Istituto Affari Internazionali
Abstract:
Despite two bailout agreements of unprecedented size and the implementation of a harsh austerity programme, no solution to the Greek crisis is in sight. As a result, Greece continues to be a hotspot, sending sporadic tremors to a fragile eurozone. The outcome so far leaves no doubts about the grave mishandling of the crisis. The most important cause of this failure is the lack of political leadership at both the national and European levels. Accordingly, a solution to the Greek crisis will remain elusive unless Greek and Europeans politicians overcome the constraints of national political calculations and exercise leadership commensurate to the challenge of rescuing Greece and indeed the eurozone itself.
Political Geography:
Europe and Greece

199. Southern Europe Ignores Lessons from Latvia at Its Peril

Author:
Anders Åslund
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
In the current financial crisis plaguing Europe, Latvia stands out for resolving its financial problems quickly and resolutely. After contracting 24 percent in 2008 and 2009, it grew at the rate of 5.5 percent in 2011. The speed and determination. with which the government carried out austerity measures in 2009 and restored confidence after suffering the worst output decline is a crucial lesson for the ailing South European countries—Greece, Italy, Portugal, and Spain. Many policy observers and economists have dismissed Latvia's crisis resolution as irrelevant to the situation in Southern Europe. The Latvian orange, they say, cannot be compared with the South European apples. I argue otherwise.
Topic:
Economics, International Trade and Finance, Monetary Policy, and Financial Crisis
Political Geography:
Europe, Greece, and Latvia

200. Fear Athens Less and Washington More

Author:
Irwin M. Stelzer
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
There comes a tide in the affairs of men And the one sweeping from Greece, across Europe and into the United States is washing away support for austerity, in some cases reinforcing opposition to it, largely from the Left. President Obama is delighted at this support for his refusal to cut spending in the face of mounting deficits, and the Republicans are feeling beleaguered at what they see as the disinterment of the body of works of John Maynard Keynes. No longer must the President sit at G8 meetings (in this weekend's case, G7 since Vladimir Putin finds it necessary to stay at home to deal with an unpleasant spate of dissent) and hear only the voice of Germany's iron Chancellor, Angela Merkel, extolling the virtues of thrift, austerity and balanced budgets. Now he has France's new socialist President, François Hollande, to preach the virtues of spending, "the indispensable stimulation of the economy", and, even better, high taxes-- up to 75% on incomes in excess of $1.35 million per year, which makes the team of Buffett and Obama mere pikers at the soak-the-rich game. Secretary of State Hillary Clinton expressed the administration's delight at Hollande's "different political approach Different voices may be louder on growth than they have been It's been our view that there needed to be adjustments to austerity, so that there could be growth, both for economic reasons and for political reasons President Obama and our economic team have been saying for some time that growth had to factor into a European recovery." Take that, Mrs. Merkel and all you Republicans who want to cut entitlement spending and retain the Bush tax cuts that benefit "millionaires and billionaires", Obama shorthand for families earning more than $250,000 per year.
Topic:
Economics, International Trade and Finance, Monetary Policy, and Budget
Political Geography:
United States, Europe, Washington, Greece, and France