Europe wants to be a major player in the negotiations for a new global financial architecture. This will have to involve a stronger and reformed IMF with a substantial redistribution of power in its governance structure. We know that European countries are grossly over-represented at the IMF executive board, while intra-EU coordination leaves much to […]

Posted by Tsoukalis Loukas

Up until the June 12th election in Iran, most observers outside that country thought there was a good chance that former prime minister Mir Hossein Mousavi would unseat President, Mahmoud Ahmadinejad. A week before the election, most experts believed it would certainly be close, perhaps there would be a run-off between the two, but few, […]

Posted by Couloumbis Theodore

The global economic and financial crises reached south-east Europe in the fourth quarter of 2008. All countries in the region registered a sharp output decline, with Romania, Serbia and Bulgaria particularly affected.
According to revised forecasts by the European Bank for Reconsruction and Development, Bulgaria’s economy will shrink by 3 per cent in 2009. This is […]

Posted by Bastian Jens

In an ironically symbolic picture from last December’s riots in Athens, the poster of Greece’s National Tourism Organisation appeared behind a shattered window, featuring the slogan: “Greece: The True Experience!”
Five years ago, with euphoria over Greece’s entry to the eurozone still fresh, urban infrastructure expanding, a galloping growth rate and a new-found pride from the […]

Posted by George Pagoulatos