Suchergebnisse

Policy context and background The invasion of Ukraine by Russia in February 2022 increased uncertainty and posed new challenges for the global economy at a time where economies had started rebounding from the recession caused by the pandemic. In response to Russian aggression, the EU implemented economic sanctions aimed at weakening Russia’s economy and limiting … Continued

Background The Greek economy went through a steep recession for ten years in the aftermath of the global financial crisis of 2007-2008. What started as a unique episode of a sovereign debt crisis in a monetary union, triggered a banking sector crisis and a sequence of adjustment programmes aiming at macroeconomic stabilization and economic recovery. … Continued

At the end of 2023, Greece had an overall inflation rate of 3.7 percentage points in year-over-year terms. After a peak of 12.1% in September 2022 the Greek economy went through a remarkable disinflationary process. At the same time, unemployment was reduced significantly to a single-digit rate for the first time since September 2009 and … Continued

Last December, Turkish and Greek football fans were taken aback by an unexpected transfer. Fatih Terim, the 70-year-old manager, struck a deal with the Greek football team Panathinaikos. While Terim's move to Panathinaikos seems like a typical football story at first glance, it intersects with the evolving dynamics of the relations between Turkey and Greece. … Continued

Inter-firm and bank-firm cooperation aimed at export-oriented production can have transformative effects for economic development, but it is difficult to create in places that don't already have it. This is particularly so in countries where entrenched patterns of interaction among economic and political actors follow a different rationale, such as the rent-seeking logic that is … Continued

This study explores the attitudes of those who were refugees in the past towards refugees in the present. Are these people more sympathetic or hostile to subsequent waves of migrants? This article will guide you through this question, briefly overviewing the historical context, the conceptual and the methodological tools, and the main findings of this … Continued

Introduction In May 2023, a parliamentary election was held in Greece, at the end of the term of the New Democracy (ND) government, in office since July 2019. The election was the first since 1989 to be held with a proportional representation (PR) electoral system. ND won the election, as expected by the opinion polls. … Continued

Introduction Historically, the two major recurring macroeconomic imbalances of the Greek economy are related to the twin deficits in the fiscal and the current accounts. The fiscal balance and the current account balance have been persistently negative almost throughout the history of modern Greece. Consequently, the twin deficits have been associated with long periods of … Continued

The legislative election held in Greece on 25 June produced a victory for New Democracy, led by incumbent Prime Minister Kyriakos Mitsotakis. Yet as Athanasia Chalari explains, the real story may have been the large numbers of citizens who abstained from voting. There are different ways to read the results of elections, but one of … Continued

Organisations and individuals involved in the management of migration face constant change. What can we learn from them? Drawing from her research in migration management across different countries in Europe and Africa, Katerina Glyniadaki explores how to manage transitions during turbulent times. She highlights four aspects: anticipation, sense-making, response and learning. Katerina Glyniadaki spoke at the LSE Festival event How … Continued

Contemporary Greek politics is typically characterized by polarization, not only during pre-electoral periods, like the current one leading to the parliamentary elections of 21 May 2023, but also in-between elections. A war-like political climate reflects decades of ideological conflict, party-led politicization of the state administration and interest groups, and widening socioeconomic inequalities. Yet, Greece has … Continued

Over the last three years Greece needed to be vigilant and institutionally prepared to deal with "poly-crises", namely traditional and contemporary threats and challenges that evolve simultaneously and which seemed to constitute the “new normal” in the Mediterranean’s extremely unstable environment. Indeed, geographically located on the verge of relative stability (Europe) and total instability (MENA … Continued

Τhe education system in Greece contributes to the goals of social mobility and cohesion in many and important ways. Still, there are significant challenges in intergenerational mobility in education and persistent socioeconomic inequalities between students of different backgrounds can be observed. Additional efforts are required in order to achieve a more equitable distribution of educational … Continued

Alexandros Zachariades, a research student at LSE, gives us a briefing on the upcoming presidential elections in Cyprus… The Republic of Cyprus (RoC) will hold its Presidential election in the coming weeks. The first round will take place on February 5, with a run-off between the two victors of the first round scheduled for February … Continued

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." Ernest Hemingway   Figure 1: Consumer Price Index, Source: Hellenic Statistical Authority Introduction Inflation as a central issue … Continued