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...
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"...
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...
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.
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.
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.