FNF Greece: The Greek government is running out of time, again

by Nicos Rompapas, Executive Director KEFIM-Markos Dragoumis

Negotiations between the Greek government and its creditors remain in a stalemate, but time is running out. For months members of the government have been stating that Greece has fulfilled its commitments for the second compliance review of reforms and economic progress and that just a few issues remain open. But last week Bloomberg published a leaked letter signed by the Greek Minister of Finance Euclid Tsakalotos stating that just a third of the required measures have been passed, another third is in the process of being passed and the last and most challenging third is still under discussion. Continue reading

The future of the welfare state

Europeans are proud of their high standard of living, Unbenannt-1social protection and generous provision of various public services.

But the global financial meltdown and the ensuing sovereign debt crisis in Europe triggered a debate about the sustainability of this model.

Changing social norms, higher life expectancy rates, migration, negative demographic trends: these are just some of the  factors that put pressure on national governments to find working formulas for good welfare policies that do not overburden public budgets and indebt future generations.

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