Some observers wonder if those southern eurozone countries that were helped by Mr. Draghi’s activist policies would support Mr. Weidmann’s candidacy. “There will be a discussion that Weidmann represents a very hawkish view and one that would not be to the best interest of the southern economies,” said George Pagoulatos, a professor of European Politics at the Athens University of…
“There are clear signs of stabilisation and a gradual recovery,” George Pagoulatos, an economics professor at Athens University of Economics and Business, said. But analysts sounded a note of caution, despite the bond sale. “It’s the first market access since 2014 so it’s definitely a positive development. But I don’t think it’s cause for celebration,” said Mr Pagoulatos. “We’re back…
As the familiar saga unfolds of another seemingly never-ending review and a looming deadline of debt payments (€7.4bn due in July), it is tempting to view the Greek crisis with a mix of déjà vu, exhaustion and resignation. Add anger and despair, since these are the prevalent emotions in Greek society as well – for good reasons, to be fair.…
‘Optimisme is voor de Grieken een noodzakelijke overlevingsstrategie’ De Grieken begrijpen het niet meer. Ze halen uitstekende begrotingscijfers, maar toch zwaaien de schuldeisers met nieuwe besparingen. Veel meer kan de Griekse economie niet meer hebben, waarschuwt de Atheense professor George Pagoulatos. Het Griekse herstel – dat al zo broos is -dreigt dood te bloeden. Alweer. Rondjes draaien. Dat is de…
The real question, thinks George Pagoulatos of Athens University, is not whether a deal can be reached, but when and of what quality. The longer the brinkmanship drags on, the greater the damage to Greece’s fledgling recovery, which is already stuttering. If the agreement is a fudge that gives Athens enough money to pay its dues but not much else,…