Symβiosis aims to provide resources, commentaries and analysis, on political, social and cultural ideas and developments affecting change and policy, original and creative, based on arguments, able to propose and debate solutions to critical issues, maintaining a broad intellectual scope and global reach that readers need to understand the choices shaping lives, and reflecting on Greece, the Balkans, Europe and the world.

 

Greece

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Who can save Greece?

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Date added: 06/16/2010
Date modified: 07/06/2010
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By Daniel Gros

Economic Policy - CEPS Commentaries
Date of publication: 15 April 2010

After two months of heated debate, the basic conditions for the joint IMF/EU rescue operation for Greece have now been decided. In this latest Commentary, CEPS Director Daniel Gros takes a closer look at the figures and shows that the magnitude of the funds under discussion can at best tide the country through a rough patch. The key issue that will remain for years to come is whether Greece is willing to undertake the huge domestic effort required to achieve a sustainable fiscal position.

Greece and the IMF

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Date added: 06/16/2010
Date modified: 07/06/2010
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By Daniel Gros
Economic Policy - CEPS Commentaries
Date of publication: 24 March 2010

The stand-off among the members of the eurozone over whether to come to the aid of fellow member Greece has prompted a lot of speculation that Greece might turn to the IMF for support, an approach that now seems to be favoured by the German government. This Commentary by CEPS Director Daniel Gros finds, however, that while the IMF may have fewer political constraints in giving cheap money, it is unable to provide enough to make a lasting difference to Greece. Against modest gains, he asks in what position would Greece be if it went to Washington now and then had to come back to its EU partners later in the year? Gros acknowledges, however, that a loan from the IMF might serve the purpose of providing the EU with a convenient smoke screen to temporarily obscure the fundamental differences among the members on how the euro area should be run.

Thessaloniki’s arrested development: missed opportunities

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Date added: 05/31/2010
Date modified: 07/06/2010
Filesize: 194.34 kB
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Cities are crucial nodes of global economic networks. A city’s economic success largely depends on its social capital and the existence of a hegemonic coalition for development. This paper focuses on Thessaloniki, the second largest city in Greece, a country on the European periphery. The slow pace of development during the last
twenty years has placed Thessaloniki in a vicious circle. It is argued that given the significant structural problems in Greece, a wide social coalition for development that embraces a large segment of the socio-economic,  political, and intellectual forces is necessary to boost Thessaloniki’s development and ensure that its fruits will be reaped by all.

Lois Labrianidis
Economic Geographer, Prof. Dept of Economics University of Macedonia,
156 Egnatia str., 54006, Thessaloniki, Greece

Keywords: Thessaloniki, city competition, social coalition for development, growth coalition, development trajectory shift