June 12, 2017

The Last Temptation

In an article entitled “The Last Temptation”, I try to explain why the IMF has rejected calls to re-enter the Greek bailout program, until two conditions have been met. First, the completion of the second review of the August 2015 program financed by Eurozone countries. Second, the restructuring of the Greek debt by Eurozone countries in a concrete manner that would make it sustainable over the medium term. The first condition was recently met with the passage of a large number of measures by the Greek parliament, as demanded by Greece’s European creditors. The second condition remains pending. The article, therefore, analyzes the current impasse between the IMF and Greece’s European creditors in setting the conditions under which the IMF could return to the joint bailout program. It argues that a compromise may have been found in time for the critical Eurozone meeting on June 15, but that the solution will most likely shatter the Greek authorities’ political narrative
May 26, 2017
Lucas Papademos

The Attack

Officials and private citizens around the world have condemned the attack of May 25th against Lucas Papademos, former Prime Minister of Greece, as an offense against democratic principles, an act of cowardice, and an intolerable act of terrorism.
March 11, 2017
Atlantic Council

Charting the Future Now: European Economic Growth and its Importance to American Prosperity

On March 10, 2017 the Atlantic Council, an influential think tank in Washington D.C., launched a groundbreaking report under the above title, ahead of the sixtieth anniversary of the Treaty of Rome.
November 9, 2016
Donald Trump - Hillary Clinton

President-elect Trump

On August 5, 2016 I sent to the NYT the following Letter to the Editor for possible publication: "The analysis of your August 5 editorial titled 'The Perils of Writing-Off Mr. Trump' was spot-on, but your conclusion missed an essential element: Mrs. Clinton should refocus her campaign from jobs, inclusiveness, equality and other lofty policies to a few monikers that best describe her opponent. Some appropriate examples might be "Charlatan Trump", "Bungler Don", and "Swindler T."
November 7, 2016

Partners in Crime: The Destructive Role of the Greek Media during the Economic Crisis

In the November 7, 2016 issue of New Europe, I published an article on the destructive role of the Greek media during the economic crisis.
November 5, 2016

Tchaikovsky was gay, too

In the November 5, 2016 issue of The Economist I wrote a Letter to the Editor that refers to a story from the Cold War with protagonist the celebrated American pianist Van Cliburn. You may read my Letter to the Editor here
October 11, 2016

A Tale of Two Countries: The Rise of Demagogy in Greece and the United States

In an article that was published in the Huffington Post (US edition) on October 10, 2016 I analyze the similarities and differences between the election of Mr. Tsipras as prime minister of Greece in 2015 and the nomination of Mr. Trump as the Republican party's nominee for the US general election in 2016.
September 14, 2016
Alfred Dreyfus

The Dreyfus Affair and the Georgiou Affair

In a blog post on this website dated January 15, 2016 and titled “A Shocking Summary Statistic” I had noted that the prosecution of former Greek chief statistician Andreas Georgiou is an indication of the moral bankruptcy of the contemporary Greek ruling class— politicians, economists, civil servants, parliamentarians and the judiciary.

July 15, 2016
the washington post

Letter to the Editor of the Washington Post

In a Letter to the Editor of the Washington Post on July 15, 2016 I stated my view about the Editorial Board’s disagreement with Supreme Court Justice Ginsburg’s earlier comments about Mr. Donald Trump. You can read my letter here .
May 9, 2016
huffington post

The Athens Tram

In an article that appears on huffingtonpost.com on May 9, 2016, I draw a parallel between the Greek economy and the Athens tram and argue that few people have realized that six years ago the Greek economy was placed on rails from which it is nearly impossible to deviate.
March 16, 2016
IMF Greece

Greece at a critical crossroads: The role of the IMF and Eurozone partners at the intersection of the economic and the migrant crises

In an Op-Ed article that appeared in New Europe on March 15,  2016 I argue that Greece is now at a critical intersection between the continuing economic crisis and the recent refugee crisis.  The political dimension of the refugee crisis may soon overshadow the economic crisis as the preeminent risk for the cohesion of Europe emanating from Greece.
March 6, 2016
Bank of Greece

The Bank of Greece Annual Report to Shareholders

On February 25, 2016, and on the occasion of the Annual Shareholders’ Meeting of the Bank of Greece, Governor Yannis Stournaras delivered a speech on Greece’s recent economic developments and prospects. In it, Governor Stournaras indicated that the outturn of 2015, although still negative, is estimated to have been better than the original estimate, which had reflected the political uncertainty during the first part of 2015 due to the protracted negotiations with the international lenders.
January 25, 2016
With students of the Manhasset High School

A Journey of Hope to Manhasset, New York

Last week, at a lecture to a high school in Long Island, New York, I received a large number of pertinent questions on the Greek economic crisis, especially for a presentation attended by a younger audience. The invitation came from the Hellenic Club of the Manhasset High School, and the audience included students, faculty and members of the Manhasset community. So, on January 21, in Manhasset, I found myself impressed by the depth and breadth of the questions posed by the audience.
January 15, 2016

A Shocking Summary Statistic

A common definition of the term "summary statistic" is the information that gives a quick and simple description of the data. In true statistical terms it can include mean, median, mode, minimum value, maximum value, range, standard deviation, etc.
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.