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Cyprus, with friends like these…
It was just one week after the repeat Greek elections and a few days before Cyprus would assume the rotating presidency of the European Union that the island was forced to formally request a bailout...
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An issue of statistical significance in Greece
The head of Greece’s statistics agency, Andreas Georgiou, is to face a criminal inquiry. An ex-employee of the Hellenic Statistical Authority (ELSTAT), Zoe Georganta, has accused him of colluding with...
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Safe as houses
It was Friday September 2nd, 2011 when the troika of Greece’s creditors left Athens after two weeks of negotiations that failed to bridge the gap between the Greek government and the representatives of...
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Fiscal multipliers, a cause worth fighting for
It was in the IMF’s October 2012 World Economic Outlook (WEO), in Box 1.1 with the title “Are We Understanding Short-Term Fiscal Multipliers” that Olivier Blanchard and Daniel Leigh presented for the...
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Cyprus, current state of play
Here is the current state of play regarding today’s vote, information from various local sources: Session starts at 4pm local (GMT+2) Cypriot Parliament: 56 seats Anastasiades party ΔΗΣΥ (DISI): 20...
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Cyprus, capital controls
Here is what a cash economy looks like: Restrictions in daily withdrawals Ban on premature termination of time savings deposits Compulsory renewal of all time savings deposits upon maturity Conversion...
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Saturday 16 March 2013, the day they opened Pandora’s box
Usually around 6.30 in the morning is when the little one wakes up for a feed: she is the daily alarm. The ritual is the same each day, coffee, cigarette and catch up on news on twitter. The morning of...
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Apples, pears and oRehnges
“People have been comparing apples with pears and coming up with oranges,” EU Economic and Monetary Affairs commissioner Olli Rehn said patronisingly in the press conference after the Eurogroup meeting...
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Drinking from the bitter cup
Out of all the visits to my homeland during the crisis, the trip at the end of summer of 2011 was the one that gave me the sense that Greece’s social fabric was close to tearing point. In June of that...
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As the wolf bursts into the flock, so we come
Extracts from The Dark Charisma of Adolf Hitler by Laurence Rees. Given recent political developments in Greece, food for thought: Even though Nazi membership stood at around 100,000 in 1928, there...
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