In the Shadow of Grexit: The Greek Election of 17 June 2012

apostolos — Tue, 16 Apr 2019 22:25:22 +0000

This article provides an overview and analysis of the Greek elections of June 2012. Placing the elections within the broader framework of the Greek socio-political and economic context, it discusses the electoral campaign and results, juxtaposing them to the 6 May electoral round. The election results confirmed many of the trends of the previous round, including electoral volatility, the fragmentation of the party system and the rise of anti-establishment forces. The main difference was the entrenchment of the pro- versus anti- bailout division and the prominence of the question of Greece’s continued eurozone membership.

Making Sense of Greek Austerity

apostolos — Tue, 16 Apr 2019 22:25:15 +0000

The process of approving a Greek drawing on funds provided by the international community is now familiar. There is concern about the prospect of securing an agreement between the International Monetary Fund (IMF), the European Union (EU), the European Central Bank (ECB), and Greece, which satisfies all parties. This paper suggests that all parties to the agreement have interests in an orderly resolution of the Greek crisis that keeps Greece in the Eurozone. Furthermore, it argues that disagreements and delay before eleventh‐hour agreements can best be explained politically. The paper first demonstrates how Greece, the IMF, and the EU each have a clear interest in finding an orderly solution to the Greek crisis that allows it to remain in the Eurozone. It then outlines the incremental nature of the package and its strategic benefit both for the European banking sector, and governments in Greece and the Eurozone more broadly.

Vasilopoulou, S. – To Archeio

In the Shadow of Grexit: The Greek Election of 17 June 2012

Making Sense of Greek Austerity