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December 18, 2015
imf reforms

US Congress approves 2010 IMF Quota and Governance Reform

On December 18, 2015, after a 5-year delay(!), the US Congress ratified the most important realignment of the IMF governance and structure since the countries of the former Soviet Union joined the organization in the early 1990s.
December 9, 2015
Egypt & Greece

Egypt, Greece and the Arab League

The recent visit to Athens of Egyptian President el-Sisi and the flurry of announcements and press releases regarding the strengthened cooperation between Greece and Egypt reminded me of an incident that took place during my first weeks as a member of the IMF Executive Board.
November 3, 2015
Council on Foreign Relations

Presentation at the Council of Foreign Relations

On November 2, 2015 I was the lead speaker at a roundtable discussion on Greece that took place at the Council of Foreign Relations (CFR) in Washington, DC.
October 27, 2015

The Strategy of the Clueless

A conspiracy governs Greece, one that is perpetrated by the clueless decision makers. Many missteps of the current government (some deplorable, some laughable) are not due to conscious political calculations but, rather, to naiveté, ignorance and inexperience of the decision makers.
October 4, 2015
Hellenic Caucus of the US Congress

Stand With Greece: Policy Summit at US Congress

On October 1, 2015 a policy summit on current Greek developments and prospects was organized by the Hellenic Caucus of the US Congress, co-chaired by Hon. Gus Bilirakis (R-Florida) and Hon. Carolyn Maloney (D-New York).
September 27, 2015
greek crisis

The miracle that didn’t happen

The September 20 elections in Greece had generated the hope that perhaps a miracle might take place. No, I am talking about a possible victory by New Democracy—the massive misinformation by the Syriza spin machine and the traditionally impressionable Greek electorate had all but ruled that possibility.
September 16, 2015
Συνομιλητές των διεθνών πιστωτών

Sciolism, Extra-Ordinary Powers, and the Importance of a Broad Coalition: Part Two

Not surprisingly, my blog post of September 10, 2015 on myths and truths of the Greek crisis (and the underlying essay with the same title) generated several perceptive and well-argued comments about the analysis and my recommendations.
September 9, 2015

The End of the Beginning

Several developments between January 25-July 12 2015 have become public and now form part of the historical record.