The Ecumenical Patriarchate is considered first among equals of all the Orthodox churches and presides over 200 million Christians. The ecumenical mission of the patriarchate is seriously contested by the official stance of the Turkish government and by ultranationalists who fear that the patriarchate might gain extraterritorial privileges and become a Vatican. At present, the Ecumenical Patriarchate is an institution with a global reach, but one that lacks a legal personality. The essay presents the two contrasting perspectives regarding the ecumenical status of the patriarchate and documents how the sources of the patriarchate's soft power marshal support in favor of its ecumenical mission.
Purpose – The aim of the paper is to present a review of the fiscal imbalances and debt crisis in Greece and identify the possible links with the recent developments in the Greek property market.
Design/methodology/approach – The author follows a non-technical approach to discuss a number of factors that have contributed to the fiscal crisis that Greece has been experiencing since October 2009. The author critically analyses both the "internal" causes of the deteriorating fiscal stance of the Greek economy (that is the prolonged macroeconomic imbalances that the Greek economy faces and the credibility problem of macroeconomic policy) and the "external" factors that might have contributed to the Greek fiscal crisis (that is implications of the recent financial turmoil and the timing of the response of Europe to the Greek fiscal crisis). The author then studies the extent to which fiscal imbalances and the debt crisis have affected the Greek property sector.
Findings – The analysis indicates that the current fiscal stance of the Greek economy and the Greek property market crisis are intertwined.
Practical implications – The author believes that these results are useful, make a contribution to the existing knowledge and provide some evidence that current economic recession has a considerable adverse effect on the property sector in Greece.
Originality/value – One of the distinctive features of the paper is to critically discuss the direct and indirect effects of the prolonged macroeconomic imbalances on the Greek property sector. To the best of the author's knowledge, none of the existing studies in this area provides systematic treatment of the Greek fiscal crisis as a contributory factor in explaining the current crisis in the Greek property market.
Discusses increasing use of political consultants since the 1990s and its connections to deregulation of television; focus on national elections of Apr. 2000, and "Americanization" of campaign communication practices.
The paper subjects grand theories to critical appreciation and argues that the state played a central role in transforming the Cypriot economy which is characterised as a small economy heavily dependent on export industries such as textiles and tourism. The relationship between the Cypriot 'economic miracle' and globalisation is investigated in the light of the experience of the export-led textile industry suffering from the consequences of American destabilisation of the Libyan economy—historically Cyprus' major export market.
