The current complicated economic situation in Greece – and the rising political uncertainty that once again accompanies it – has important repercussions for growth, incomes, employment and the banking system in both the short and long term. The new Greek government is trying to perform a...

In the July-August Intereconomics' editorial note on Greece's accord with the creditors, Sebastian Dullien argues that “it is difficult to find anyone who honestly believes that the country's problems will be solved with this package”. He also emphasizes the critical issue of debt relief to...

Apart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of inflation in most of the EU member states. At the same time, wages-in part, wages of the unskilled-are relatively losing ground, while the purchasing power of the average European...

The correct understanding of Greece’s debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value definition. Changing the terms of debt changes the value of the debt in Greek governmental financial statements correctly prepared...

It is widely accepted that the highly volatile capesize market has many peculiarities. Its importance has been recently highlighted by an increase in contribution of the Baltic Capesize Index (BCI) to the Baltic Dry Index (BDI), affecting the progress of the BDI more than any other dry bulk...

It is widely accepted that the highly volatile Panamax market has many peculiarities; for example, Panamax vessels transport the major and the minor dry bulk cargoes worldwide. In contrast, the variety of cargoes and the flexibility in various trade routes, which the Panamax vessels follow,...

Apart from its widely accepted direct advantages, the introduction of euro has been accompanied by a surge of inflation in most of the EU member-States. At the same time, wages of the unskilled in particular, are relatively losing ground while the purchasing power of the average European seems...

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...

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...