Articles 1

4

2

20 May 2011

The main problems faced by Greece remain a large and dominant public sector, and an adverse business environment for the private sector. Unless rapid structural changes are made, a sustainable solution to Greece's economic challenges will be impossible. 

READ MORE

 

16 July 2011

The Eurozone meeting in Brussels this past Monday, July 11th confirms that the Eurozone leaders are as far apart as ever on reaching a resolution to the Greek debt crisis. Absent real decisions in the next two weeks...

READ MORE

 

21 October 2011

Yesterday evening the Greek Parliament passed the third major austerity plan, after the initial Memorandum of May 2010 and the Mid-Term Fiscal Consolidation Plan of July 2011. This third plan, nicknamed the “Multiple Law” in Greek...

READ MORE

 

26 November 2011

We are clearly present in an era of great unwinding. In financial terms, we could call it the end of the Age of Leverage. In simpler, ordinary terms, it’s the great unwinding. The unwinding of the trust which underpinned the great political experiment of the Eurozone.

READ MORE

 

01 December 2011

The meeting of the Eurozone finance ministers yesterday agreed (according to Greek press reports) to release the 6th instalment of the first bail-out package. Worth EUR 8 billion, the instalment is desperately needed to pay

READ MORE

02 December 2011

One of the inevitable consequences of the Greek and European debt crisis is the question of whether bank account deposits are safe. This question has been asked a number of times recently, but no clear answer is possible

READ MORE

04 December 2011

The recent move by central banks in the United States, the United Kingdom, Switzerland, Australia, Japan and the Eurozone (the European Central Bank) to extend US dollar credit facilities to the banking sector may presage the beginning of a "grand deal"...

READ MORE

 

10 December 2011

Since George Papandreou came to power in the October 2009 elections in Greece, a central policy priority has been the promotion of “green energy.” As part of this policy, between EUR 10-15 billion in renewable energy (RE) projects have been licensed. 

READ MORE

 

19 December 2011

In May 2011 I attended a conference in Barcelona, at which a European Commission spokesperson gravely assured me that political cooperation between the then ruling Socialist party and the main opposition party...

READ MORE

 

30 December 2011

The first confirmation of the coming pricing problems in the Greek energy sector became visible  yesterday with the publication of the first official proposal on energy price increases by the Hellenic Ministry of Environment and Energy (YPEKA)

READ MORE

 

30 December 2011

Cyprus and its three main banks were downgraded in November 2011 by the three major credit ratings agencies, in no small part due to their exposure to the Greek debt crisis as well as the declining situation in Cyprus.   

READ MORE

 

08 January 2012

The year 2012 will be critical to the resolution of a number of economic issues, primarily in Europe. Unfortunately, it is highly likely that whatever solutions will be found will be very temporary in nature, and will address symptoms rather than root causes.

READ MORE

 

14 January 2012

The ECB’s decision to lend EUR 498 billion at an average rate of 1% for 3 years to European banks is turning into the mother of all carry trades. The unspoken premise behind these loans was that banks would use part of these loans to re-invest in sovereign debt.

READ MORE

04 March 2012

Although the recent Eurozone decisions (agreement on Greek PSI, greater economic coordination, a debt brake, etc) and the European Central Bank's second tranche of Long Term Refinancing Operation have given a temporary respite to markets...

READ MORE

13 December 2012

This article evaluates the basic elements of the Cyprus bail-out package and compares how this programme and the fundamental economic situation of Cyprus compare with that of Greece. It concludes that if implemented properly and proactively by Cypriot public authorities...

 

READ MORE

 

13 February 2013

The Economist ran the latest of a series of interesting article on the increasing convertibility of the Chinese Yuan (“Yuan for the money”) in its February 9th, 2013 edition. According to The Economist: In the last three months of 2012...

READ MORE

 

07 March 2013

The two-round Cypriot presidential election in February provided Nikos Anastasiades of the DISY Party with a convincing majority for his election as President. The objective of this article is to examine the economic challenges...

READ MORE

 

23 March 2013

The Eurozone insistence on a Cyprus bank deposit confiscation has almost nothing to do with a desire to “save” Cyprus, and everything to do with its destruction. The surprise plan forced through on Saturday, 16 March called for a 6.75% "levy"...

READ MORE

 

23 March 2013

In May 2012, Navigator published a short brief on the status and potential of hydrocarbon exploration in Cyprus. With the Cyprus financial crisis currently in full swing, it's worth taking a renewed look at oil and gas potential, and our forecasts from this time.

READ MORE

4

2