29 March 2015
Between 2009 and 2013, employment in the Greek public sector fell from 942,625 people to 667,410, a reduction of 29.2%. Few European governments have reduced total headcount by such a magnitude
27 April 2015
The support and promotion of business clusters in Europe has been recognised by the European Commission and other European institutions since the late 1990s. This article introduces the European policy framework for business clusters and networks...
04 May 2015
This article describes the attributes of the Navigator brand, using the methodology provided in a recent Content Marketing workshop in Cyprus. It's provided here as an example of how we approach online branding.
08 May 2015
According to press reports, Greece's public debt has fallen by € 11.4 bln in the first quarter 2015, reflecting the refund of unused EFSF guarantees and IMF repayments. To Vima news is reporting today that, according to a report sent...
23 May 2015
Bloomberg, the FT and other sources are reporting that the latest Riga summit has concluded that the IMF's approval on structural reforms is necessary. The IMF, in turn, is reported as being opposed to a "quick and dirty review"...
23 June 2015
Yesterday the Greek government sent its new proposals for austerity to Brussels. Viewed as a last ditch attempt, the package includes tax increases and partial expenditure cuts. This article evaluates this proposal.
27 June 2015
Greek Prime Minister Alexis Tsipras has just called for a referendum in Greece, to be held on Saturday, 5 July. The topic of the referendum will be a “yes or no to the austerity measures proposed by the creditors”.
29 June 2015
Since Prime Minister Alexi Tsipras called a referendum in Greece over austerity measures on Saturday morning, a number of developments have emerged that influence the correct conduct and result of this exercise.
29 June 2015
Greece has introduced withdrawal limits of € 60 per day for Greek bank depositors. This amount may not be sufficient to safeguard the diminishing liquidity in the Greek banking system. A conversation with a high school friend and articles in the press...
01 July 2015
The last 24 hours have seen a marked deterioriation in the Greek economy and with it a reversal of the SYRIZA-ANEL negotiating position. There are long lines in front of banks and ATMs across Greece...
03 July 2015
The recent debate over Greek debt restructuring is largely artificial and will do little to improve the actual economic environment in Greece. Here’s why: 1. Greece’s debt has already been restructured.
04 July 2015
This is a brief and hopefully inaccurate forecast for Greece in the next 3 weeks. The “No” vote will win the referendum. My estimate is based on a range of tangible and intangible factors: The youth vote, from 18-26, will vote “no”.
06 July 2015
As expected, Greek voters backed the “No” in the Referendum held on Sunday, 5 July. This article reviews how this Referendum occurred and reflects on the misconceptions that underlie it. As expected, Greek voters backed the “No” in the Referendum...
08 July 2015
Events in Greece and the Eurozone this week appear overwhelmingly negative, but there is a diminishing window of opportunity to strike a deal for Greece. On Tuesday morning, 7 July, the European Central Bank...
10 July 2015
In March 2013, Cyprus entered into a structural reform agreement with the Troika. Today, it is apparent that a government commitment to structural reform and to investment promotion has led to the first signs of GDP growth and economic stabilisation.
10 July 2015
There is almost no difference between the Greek proposals for a third loan agreement published yesterday, and the Troika proposals published on June 26th. Yet in the meantime, a Greek Referendum took place in which 61.3% of the population rejected...
11 July 2015
In anticipation of the Eurogroup and European Council meetings today and tomorrow, I can only make the following additional comments to posts earlier this week. The Troika counterproposals have not been published at the time this article was written.
13 July 2015
The 04:20 European counterproposal to Greece has just been leaked. Commentary to follow later today.
14 July 2015
A brief review of the ESM conditions precedent and loan conditionality for Greece. Like many others, I’ve been closely following the weekend Eurogroup and Euro Summit meetings for Greece. In this article, I review the Agreement proposed for Greece.
28 July 2015
While media reports on Greece have been dominated by disclosures by former Finance Minister Yanis Varoufakis’s plans to introduce a public arrears compensation system, a far more damaging phenomenon is taking place.