This paper analyzes why governments in Greece have systematically appealed to ‘Europe’ during their domestic privatization discourse. It illustrates that, when proposed policy reforms get rough and the opposition grows, governments anticipate garnering increased public justification in order...

The purpose of this paper is to examine how effectively the wholesale interest rates are transmitted to the retail rates, and whether the interest rate pass-through is symmetric or asymmetric in Greece, Bulgaria and Slovenia. The disaggregated general-to-specific methodology is applied for...

Research on Bulgarian migration has been rather sketchy often based on small purposive samples in selected host countries or on macro data of unreliable quality from Bulgaria itself. A thorough understanding of the impacts of migration for Bulgaria is needed to heighten the possibility for...

Reforms promoting gender equality in Greece are held by many to be one of the few real success stories of the post-1974 period. Indeed, there has been considerable activity in changes in employment, family, social insurance and other legislation all centered around the constitutional provision...

Despite widespread criticism on its performance, all indicators demonstrate that Greece has achieved impressive fiscal and structural adjustment since its de facto bankruptcy, in May 2010. However, serious implementation problems, the pace and sheer volume of the contractionary measures adopted...

The paper examines the pattern of Greece’s European Union policy making in a historical perspective. It starts by presenting the phases of EU Policymaking of successive Greek governments since the 1980s, and considers the persistent deficiencies of the Greek public administration vis-à-vis EU...

This paper provides an analysis and assessment of the Greek sovereign debt crisis, and examines alternative solutions to the problem. In order to put the current fiscal predicament of Greece in perspective and discuss how the Greek debt crisis might possibly be resolved, the paper first provides...

Incumbent parties in Southern Europe experienced losses in their electoral support that came along with a series of economic reforms imposed by the EU and the IMF. However, recent theories of accountability would predict lower levels of economic voting given the limited room left for national...

This paper reveals the underlying market’s preferences over the on going Euro area sovereign debt crisis. It builds on a loss function with reference to the ‘basis’, the difference between the spread over swap and Credit Default Swap (CDS) for sovereign bonds. This loss function is general...

Time series of daily data for Greek sovereign risk have been compiled and analysed statistically to shed light on the way that historical events, including political and institutional changes, determined the creditworthiness of the Greek government on the London stock market from the start of...