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Published: Jul 16 , 2015
Author: Stephen White

Two negotiated deals of historic significance. One between Greece and the EU/Eurozone, the other between Iran and the P5+1. Both are hailed as a victory for diplomacy. Both are rubbish. Both are being derided and disowned in all quarters. Both are disintegrating as the ink dries. What do we learn?...

Published: Feb 26 , 2015
Author: Yannis Dimarakis

Most of you have followed (to some extent at least) the negotiations between the recently elected Greek government and its European partners. Depending on his or her political persuasion, an observer may feel in a number of ways regarding the outcome. So was the agreement a huge success, or was it a full capitulation of the Greek government?...

Published: Feb 18 , 2015
Author: Yannis Dimarakis

As these lines are written, the negotiations between the Greek government and its Eurogroup partners are still under way. As the end result is not yet known (and probably will not be for some days) some mistakes of the Greek handling of the situation are already discernible. Here are three obvious mistakes I have selected to discuss in this article...

Published: Feb 12 , 2015
Author: Stephen White

A recent TV documentary (The Secret Life of 4 Year Olds) gave a fascinating insight into the way grown-ups work. The film makers fitted out a kindergarten classroom with hidden cameras, and then put a group of 4 year olds into the classroom to interact with each other, under the supervision of two expert teachers, and secretly watched by a group of child psychologists. Having identified some of the personality traits of the children, they were split into two groups and invited to build a pretend house out of cardboard boxes and then decorate it. The groups were pre-selected; one had the more dominant children in it, and one had the less dominant. They were told that the team which built the better house would be declared winners..

Published: Jan 29 , 2015
Author: Robin Copland

Well, the Greeks have finally gone and done it. At the weekend, they kicked out the conservative New Democracy party – the dominant force in the coalition led by the outgoing prime minister Antonis Samaras and instead voted in Alexis Tsipras’s radical left Syriza party. The rest of Europe has looked on askance; Greece has muscled her way onto the front pages of just about every serious newspaper in Europe; bankers and leaders Europe-wide have been keeping the Andrex puppy busy ever since the news came out...

Published: Nov 22 , 2012
Author: Yannis Dimarakis

The Hellenic government has been struggling over the last 6 months to finalize an austerity package demanded by its 3 creditors (i.e. the IMF, the ECB and the European Commission – know as the “troika”). The package’s aim is to ensure that the deficit will be checked and that public spending will be reduced to sustainable levels. These measures are never popular as they usually entail steep salary and pension cuts, reductions in social benefits, decrease in the quality of health and education etc. None the less, this package, worth 11.5 bn € (a very heavy figure given the scale of the Hellenic economy), was a sine qua non for the release by the creditors of the next installment of funds to the government in Athens. So the pressure was on to wrap this up as soon as possible...

Latest Blog:

When is a Great Deal not a Great Deal?

Just recently my Dad passed away. I’ll spare you details, suffice to say anyone who has been in the same situation will know the difficulties this brings. As the last person of my direct family, I inherited...

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