In Greece, the provision of tertiary education is permitted, by the constitution, only to ‘public’ institutions where faculty and administrators are civil servants and public officials respectively. We construct an argument and present statistical data that describe the situation observed in...

The downward adjustment of economic activity to match the reduced competitiveness of the economy, be it within the Eurozone or outside it as some advocate, will leave the Greek economy with a low level of economic activity, which will match its reduced competitiveness, even though its total...

Last December, downtown Athens experienced three nights of street battles, arson, and looting that became headlines in the international press. We argue that the reasons for this extreme social turbulence are related to the regulatory and institutional rigidities that still prevail in Greece's...

Greece has the lowest public receipts of all the eurozone members, and this contributes significantly to the annual budget deficits and the extremely high level of public debt. The source of this shortfall is personal income taxation. The following article analyses the distortions in the labour...

The Greek paradox of falling wages that do not lead to increased exports can be reconciled with standard economic theory, once a number of facts are taken into account. Actually, exports of goods that have not been facing the additional adverse effect of highly increased after tax energy prices...

The Greek paradox of falling wages that do not lead to increased exports can be reconciled with standard economic theory, once a number of facts are taken into account. Actually, exports of goods that have not been facing the additional adverse effect of highly increased after tax energy prices...

An assessment of the dynamics and importance of Greece's potential Grexit is made to point out its pivotal role during the Eurozone's current crisis. Subsequently the case of the independence movement of Quebec is examined, to argue that once perceptions about the separation from a Union –...

This paper assesses the proposals in the recent 5 Presidents’ Report on the future of the EMU. The evolution of EU institutions during the crisis is assessed along with the proposals concerning in particular fiscal policy and economic policy decisions. A discrepancy in the concreteness of the...