2012 Newsleer - Issue 10

THE HELLENIC OBSERVATORY 2012 Newsleer

only concerned with the economics: we were Editorial pleased to host a joint conference (with the University of Manchester) on social change in Internaonal aenon connues to focus on , which included a lecture by LSE the economic crisis in Greece. It is a tragic Emeritus Professor Nicos Mouzelis. situaon, with profound implicaons for the But we have also had a wider focus. We have development path that the naon may follow been able to expand our coverage of , INSIDE THIS ISSUE and also for the future viability of the euro- for example, and we were delighted to host zone. Polical events, both in Greece and at the Foreign Minister of Cyprus, Dr Erato the EU level, have been dramac over the Kozakou-Marcoullis. Praxoula Antoniadou- Editorial 1 last year. We have witnessed a second Kyriacou, Minister of Commerce, Industry & ‘bailout’ and two elecons in Greece, with Tourism, together with Nobel Prize Winner 12th Annual Lecture 2 several changes of government. Professor Chris Pissarides spoke at a separate Panel Debate on the 3 It is the purpose of the LSE’s Hellenic conference on the Cyprus economy. We have Greek Crisis Observatory to analyse, to foster debate, and also launched a new programme of acvity Public Lecture with the with Neapolis University in Pafos. 4 to communicate its research and European Ombudsman assessments on Greece. This we have The line-up of speakers has been as high Public Lecture with the certainly done and this Newsleer offers a profile as at any me in our history and this man who defended 4 broad report on our acvies. HO staff and has been very pleasing and they have been Mandela visitors have been regularly reported or matched by the research outputs of the Panel Debate on PSI 5 interviewed in the press, on TV and on radio - Observatory. Our GreeSE Papers series has in Greece, in the U.K., in Europe and now published over 60 issues, with Panel Discussion on the 5 Greek Elecons internaonally. We have responded to contribuons from a wide range of scholars invitaons from Australia, Japan, Chile, the and policy makers from the Greek, Brish Conference on Cyprus 6 USA, Russia, Norway, France, Germany… the and internaonal academic communies. Public Lecture by list is very long. The Observatory has welcomed a number of Cyprus Foreign Affairs 7 We have connued our very successful public (senior) research fellows; visitors, and Minister events programme - combining lectures, research associates, who have greatly added Panel Discussion with to our working atmosphere and our research 7 debates, conferences, and research seminars. the Cyprus Civil Society outputs. Of course, a major focus for these events has Workshop The economic crisis in Greece has, inevitably, 8 been the economic crisis. We have on Social Change incorporated a range of academic views from affected the funding that is available to the Other Events 8 Professors Lapavitsas and Varoufakis, on the Observatory. Even so, we are very grateful one hand, and Azariadis and Drs Arghyrou for the connuaon of our Naonal Bank of Research Seminars 9 and Dimitrakopoulos, on the other. We Greece Research Fellowship. Nevertheless, Research by staff 10 hosted a major panel debate (in conjuncon we are obliged to adjust our operaonal with the Hellenic Bankers Associaon of the model. We will have less funding for GreeSE Papers 11 UK) with Poul Thomsen, Head of the ‘Troika’ fellowships, but we plan to shi our Research Fellows for Greece; Dimitris Daskalopoulos, Head of emphasis in order that we sustain a strong 12 2011-12 the Greek Employers’ Associaon; Moritz programme of research, oen with collaborators in Greece and involving Research & Kraemer of Standard and Poor’s; and Vicky 13 Vising Fellowships Pryce. Another successful debate concerned external research calls, and to maintain our the ‘PSI’ dimension of a possible Greek posion as an internaonal plaorm for News 14 rescue. Together with the Centre for debate and understanding. Now, more than Donors, Advisory Board, European Reform, the EU Commission’s ever, the internaonal community needs to 15 Research Associates London Office, and the LSE’s European have expert knowledge and informaon on Instute we co-hosted a conference on euro- Greece: its economy, polics and society. Forthcoming Events & 16 Who’s Who zone reform, welcoming Professors Christodoulakis, Lyberaki, and Tsakloglou KEVIN FEATHERSTONE Director back to the HO. Our crisis agenda was not SPYROS ECONOMIDES Deputy Director Page 2 THE HELLENIC OBSERVATORY

12th ANNUAL LECTURE ‘Greece between Austerity, Reform and the Drachma’ Professor Costas Azariadis

On 5 March 2012 , Professor Costas outlook, but Professor Azariadis and an equivalent reshaping of the Azariadis, Edward Mallinckrodt noted that the scenarios were constuonal and polical system, Disnguished University Professor speculave, included in such a way the future for Greece was indeed as to make a gloomy. And to achieve all of this very specific that was of paramount importance set of points. was a change in Greek public To avoid atudes. The lecture, as expected, disaster, generated a lively queson and public answer session in which our Annual atudes in Lecturer was closely quesoned on Greece had his assumpons and proposed to change. soluons. It was not In the true tradion of the Hellenic merely Observatory there was a free and responding lively debate chaired by the Director to an of the HO, Professor Kevin externally Featherstone. Professor Costas Azariadis offered The lecture and discussion were austerity, reform followed by a private dinner for in Arts and Sciences, Washington and restructuring plan, that would State University in St. Louis, gave Professor Azariadis in which many lead to the salvaon of the Greek of the themes raised in his lecture the Twelh Annual Hellenic economy, or even the Greek state. Observatory Lecture. The lecture were further discussed. was entled, ‘Greece between For meaningful long-standing Austerity, Reform and the Drachma’ change to occur, the This year the HO Annual Lecture took and focused on the leading issue on public would have to place in the New Theatre the Greek polical and economic accept draconian agenda of the day, namely Greece’s measures and include a economic crisis and the opons new constuon, which available to resolve it. would target corrupon, clientelism and cronyism, In his lecture, Professor Azariadis and measures to privase began by addressing the queson of large parts of the public why there had been 'no structural sector as well as public- reform' in Greece in recent mes. private iniaves to He aributed this to blockages smulate domesc and created by special interests and the foreign investment. contradicons inherent in public Indeed if Greece were opinion. Greece, he said, had the not able to reform both ‘most distorted’ economic structure its polical system, and in the EU. It was suffering very high the structure and unemployment (especially youth), working of its economy, high income inequality, poor Greece could become a returns on educaon, excessive ‘failed state’. consumpon, and a tale of insiders versus outsiders in the domesc Professor Azariadis economy. He drew an alarming argued that Greece had faced scenario of what might happen to disasters of similar magnitude in the past, such as the Asia Minor disaster A page dedicated to the the Greek economy in the future - 12th HO Annual Lecture over the short, medium and long- and the Greek civil war, and had is available at terms - without such reforms. The managed to overcome them. A hp://www2.lse.ac.uk/ long-run scenario he labelled similar challenge faced her now. europeanInstute/research/ hellenicObservatory/Events/ 'doomsday', with Greece's GDP The basic message at the heart of pubLectures/ falling to the levels of Albania. This the lecture was that without deep Azariadis_2012.aspx was indeed an extremely gloomy structural reform to the economy 2012 Newsleer - Issue 10 Page 3

A page dedicated to this PANEL DEBATE ON GREEK CRISIS event is available at hp://www2.lse.ac.uk/ Co-organized with the Hellenic Bankers Associaon-UK europeanInstute/ research/ The Observatory was pleased to join policy, acon was being taken to hellenicObservatory/ the Hellenic Banker’s Associaon Events/otherEvents/ reduce and beer target social HBA_Panel_Debate_201 (UK) to host a major panel debate transfers, while improving tax 2.aspx on the Greek debt crisis on 28th administraon by fighng evasion. March 2012 . Major adjustments had been Aer a welcome from Christos achieved, but a further reducon of special interest groups. Instead, Megalou of the HBA, we heard from 6-7% of GDP would be needed. Greece opted for -and the Troika a set of disnguished speakers: Poul There was no more scope, he accepted- horizontal measures that Thomsen (IMF), Head of the ‘Troika’ argued, for tax increases and across hit all alike. With foresight, as early for Greece; Moritz Kraemer of -the-board-cuts in wages and as November 2010, SEV had urged a Standard & Poor’s, the credit rang pensions. Further progress would shi. Fiscal adjustment should be agency; Dimitris Daskalopoulos, depend on structural fiscal reform: slower, in exchange for faster and Head of the Greek Employers’ tax administraon; means-tested more intensive structural reforms. Associaon (SEV); Vicky Pryce, a social transfers; and the ‘taboo’ Greek-born City economist, former subjects of compulsory Vicky Pryce believed that Greece’s Joint Head of the UK Government’s redundancies and closures in the current path was untenable. public sector. More generally, Deflaon and internal devaluaon labour market had their social limits. Greece had reforms ‘failed to invest enough in capacity (restoring wage improving infrastructure and it compeveness failed to undertake the polically and flexibility) difficult structural reforms to keep it and reforms in compeve within the Eurozone product and and make it a 20th century let alone service markets a 21st century market economy. At (linking wages to best, the current austerity price programme will produce ever compeveness) increasing resistance to the From Le to Right top row: Kevin Featherstone, Dimitris would be structural reform required to Daskalopoulos, Christos Megalou, Stratos Chatzigiannis, needed. Greece improve long-term compeveness. Arisdis Sandis, Anthony Bartzokas, Spyros Economides, At worst, the Greek populaon and Boom row: Poul Thomsen, Vicky Pryce, Moritz Kraemer sll suffered from a compeveness their leaders will decide enough is Economic Service, and an LSE gap of some 15% and the enough and default on their debts’. alumna. investment climate was poor. The This would be bad for both Greece and Europe. In return for much less The ming of the debate was highly ‘internal devaluaon’ strategy had fiscal pain and a more moderate topical. Not surprisingly, the LSE’s to be speeded-up and the potenal Old Theatre was full, with lots of TV to unlock TFP (total cameras and journalists present. factor producvity) The panel was asked to respond to gains had to be seized. the queson: ‘Can Greece Get Out Dimitris of the Crisis?’ Some tough messages Daskalopoulos argued were delivered. Moritz Kraemer that the first bailout opened the debate by assessing the programme had set recent performance of the Greek Greece on the wrong economy and the government’s economic path. It had reform measures. Greece had demanded a big and already, in effect, had a structured socially extremely painful fiscal default. There was a high risk of a A packed Old Theatre Greek exit from the euro-zone adjustment, while unless major correcve measures relegang structural reducon in living standards, were taken and the polical will to reforms to the second row. It was a Greece agrees to put its polical do so was quesonable. grave misreading of Greek polical capital behind serious economic For his part, Poul Thomsen began and social realies. It was true he acknowledged, that because of its reforms - privasaon, opening up by highlighng two key problems of compeon, reforms of its that had led Greece into the crisis: client polics, the Greek polical system had found it difficult to taxaon system and public services, its loss of compeveness and its and importantly reform of its fiscal expansion. To adjust fiscal implement structural reforms that tackle the power and benefits of polical and judicial instuons. Page 4 THE HELLENIC OBSERVATORY

THE EUROPEAN OMBUDSMAN ‘Polics, Culture and the State: the Greek Crisis in Historical Perspecve’

The HO took great pleasure in unprecedented pressures on the The lecture took place in the Thai hosng a lecture by the European state model that has survived for Lecture Theatre which was Ombudsman, Professor Nikiforos many decades: earlier crises had overflowing with those familiar with Diamandouros in late Professor Diamandouros’ November 2011 . work and reputaon, and Professor Diamandouros is a who wished to hear his socio regular contributor to the -polical analysis of the acvies of the Hellenic situaon in Greece and in Observatory and on this relaon to Europe. occasion he gave up some of Speaking in a personal his valuable me to speak on capacity, Professor the cultural, historical and Diamandouros did not sociological dimensions of disappoint, giving a the current Greek crisis. thoughul and lucid Indeed, Professor exposion of the social Diamandouros placed the implicaons of the Greek contemporary economic and Professor Kevin Featherstone welcoming economic and polical crisis social crisis affecng Greece the speaker and the audience in the context of Europe and in the context of his earlier modernity. Suffice it to say that the published work on the tensions lecture provoked and informed a involved fundamental challenges, lengthy discussion which allowed created by 'modernisaon' but none had carried such direct processes domescally and the LSE students, staff and a broader implicaons for the posion of the London public to engage Professor specific constraints of membership state in the economy and society. of the 'euro-zone'. He argued that Diamandouros at such a crucial The current crisis is thus a crical stage in Greece’s modern history. the current crisis has created turning-point.

THE GREEK WHO DEFENDED MANDELA ‘Hellenism, Universal Rights and Apartheid’

George Bizos , an acclaimed human Hellenic Society lecture at the LSE rights' advocate in South Africa - on 5 October . His lecture was and the man who defended Nelson entled, 'Hellenism, Universal Rights and Apartheid'. Mr Bizos argued that the Bizos had recounted his life in his democrac spirit of Classical Athens book ‘Odyssey to Freedom’, connues to inspire our modern published in 2007, and he recalled thinking on human rights. More accompanying Nelson Mandela to parcularly, recitals of Pericles' Athens aer his release. Looking at Funeral Oraon or of Thucydides' the Parthenon together had been a references to the ‘general laws of touching moment, as Mandela humanity’, and other texts, were appreciated the West’s used in South Africa to cricize the indebtedness to Ancient Greece. oppression of the regime. On ‘Greece is the Mother of Democracy Robben Island, Nelson Mandela and and South Africa, its youngest his fellow prisoners would perform daughter’, he declared. Sophocles' play, 'Angone', and the The audience in the LSE’s Old Mr George Bizos rebellion of its central character Theatre followed Bizos’ delivering his speech against mis-rule. recollecons and his comments on Fortunately, his guards 'did not human rights in South Africa today. Mandela, Walter Sisulu, Steve Biko, Following the LHS lecture, Bizos Govan Mbeki and many others know what it was about'. Mr Bizos concluded that Nelson Mandela was gave an interview to the BBC TV against charges under the apartheid World’s ‘Hardtalk’ programme. regime - gave the 2011 London a true philhellene. 2012 Newsleer - Issue 10 Page 5

PANEL DEBATE ‘PSI - A Greek Gordian Knot: current issues and future consequences’

In February 2012 , as the 'day of Head of European Rates Strategy at rather common, at the me - reckoning' for the final PSI Nomura. generic coverage of the ‘polics & agreement for Greece was fast The event, chaired by Dr Vassilis economics’ of the PSI and instead approaching, the Hellenic Monasrios, aracted a varied focused on the technical and legal Observatory organised a panel difficules in reaching a PSI debate on the issue, with the agreement; the role of the parcipaon of some key experts financial markets and the on sovereign debt and debt Eurozone leaders in this; the restructuring, both globally and possible alternaves to the PSI in relaon to Greece. package; and the implicaons The panel consisted of Dr for Greece and the other ailing Jeromin Zeelmeyer, Deputy Eurozone economies of the Chief Economist at the EBRD and different post-PSI scenaria. former IMF senior advisor; Dr Presentaons were followed by Rodrigo Olivares-Caminal, an interesng debate, both Lecturer at the Centre for amongst the panellists and Commercial Law Studies at with the audience, that Queen Mary College, an expert The panel and the Chair reflected among all on sovereign debt and insolvency taking quesons from the audience everybody's anxiety about the law; Dr Andreas Koutras, Director of posive resoluon of the Eurozone ITC Markets, a senior market audience comprising LSE students crisis. analyst who has wrien extensively and staff, financial market on the Greek PSI; and Dr Nick professionals and policy officials. Visit the HO website Firoozye, Managing Director and The debate departed from the - for more details on these four events hp://www2.lse.ac.uk/ europeanInstute/research/ hellenicObservatory/Events/ PANEL DISCUSSION events.aspx ‘Greek Elecon Forum 2012’

To analyze what perhaps were the Economics, SOAS, University of how the two pares had arrived at most dramac Greek naonal London, and Christos Megalou , this outcome: the disconnect with elecons in a generaon, the Managing Director, Co-Head of their electoral base; strategic Observatory organised a panel Southern Europe, Investment mistakes made by their leaders; the debate with experts to discuss the Banking Department, Credit Suisse problem of defending the very implicaons of the elecon. While Securies (Europe) Limited. unpopular austerity measures. It the results of the 6 May also considered the nature of elecon were known, the the protest votes, populism, and debate took place as the rise of SYRIZA, the negoaons were connuing to Democrac Le, the try to form a new government. Independent Greeks, and To help us analyze the result Golden Dawn. and its impact on the future of Inevitably, the debate the Greek economy and polical progressed to consider the system we invited four panelists upcoming policy choices Greece from different backgrounds to faces. In parcular, the parcipate in a debate. prospects for a revision of the These were: Michael Arghyrou , Memorandum, seng out the Senior Lecturer in Economics, Professor Kevin Featherstone welcoming condions for the bailout loans Cardiff University; Dionyssis G. the panellists and the audience to be received, whilst remaining Dimitrakopoulos , Senior Lecturer within the euro-zone. These issues in Polics, Birkbeck College, The panelists took very different connued to mark public debate in University of London; Professor views, but each agreed that the Greece itself, as the coalion Costas Lapavitsas , Associate Dean established pares - PASOK and negoaons failed and fresh (Research), Faculty of Law and New Democracy - had been shaken elecons were due to be held. Social Sciences & Professor in to their knees. The panel discussed Page 6 THE HELLENIC OBSERVATORY

ONE-DAY CONFERENCE More details about the conference and copies ‘The Cyprus Economy at a Time of European of the presentaons can be found at uncertainty: Managing Reform & Sustainability’ hp://www2.lse.ac.uk/ europeanInstute/research/ hellenicObservatory/Events/ On 10 February 2012 , LSE hosted a put in place as a necessary step to Conferences/ one day conference entled ‘The engage in structural reform as Cyprus_Conference_2012.asp Cyprus Economy at a Time of export compeveness was a European Uncertainty: Managing problem. A key area that needs to Reform and Sustainability’. The be reviewed is the labour market, event was co-organised by the perhaps addressing wage rigidies over the past decade as a result of Hellenic Observatory and LSEE- rather than on introducing more high prices and poor infrastructure, employment the government needed to do more flexibility. The to address the laer by modernising issues of and improving the general pensions and environment in tourist areas. With the provision of the likelihood that natural gas could care for the become a major part of the Cypriot elderly should economy in the decades ahead, also be serious thought needs to be given addressed. as to how to manage this income. The two The day concluded with a lively aernoon roundtable discussion. Energy once Minister Praxoula Antoniadou-Kyriacou & panels examined again played a major part in the Professor Christopher Pissarides key sectors of discussions. Several speakers the Cyprus quesoned whether the Norwegian Research on South Eastern Europe economy. In terms of banking, it model for a sovereign wealth fund, with generous support from was noted that while this sector which requires considerable Deloie Cyprus, Marfin Popular was very large relave to the polical discipline, could work in Bank and the Naonal Bank of Cypriot economy as a whole, it was Cyprus. Meanwhile, the Cost of Greece. The conference was sll small in absolute terms. Living Allowance, and the degree to organised along three plenary Nevertheless, sessions and a round-table given their discussion, covering the themes of exposure to ‘Macroeconomic Challenges’, Greece, the ‘Finance and Banking’ and ‘Tourism situaon with and Energy’. Cypriot banks The event opened with a keynote needs to be address by Mrs Praxoula monitored Antoniadou-Kyriacou, the Minister carefully but if a for Commerce, Industry and destabilisaon Tourism and was chaired by from Greece was Professor Chris Pissarides, LSE, & to occur, the 2010 Nobel Memorial Prize Winner absolute size of From le to right: Professor Kevin Featherstone, for Economic Sciences. The Minister the banking sector & H.E. the Cyprus High Commissioner acknowledged the significant suggests that it challenges facing the Cypriot could be easily recapitalised ('bailed which this really inhibited economic economy as a result of the crisis in out'), if necessary. There was lile growth, was revisited. While some the Eurozone, she nevertheless prospect that this could lead to a felt that it needed to be noted that Cyprus stood to benefit serious destabilisaon of the fundamentally reformed, if not from its geographic posion on the Cypriot economy. As for business abolished altogether, others border of Europe, close to countries services, this sector has now pointed out that it had that were growing economically, overtaken tourism as the single not prevented economic growth and the discovery of energy most important sector of the during the boom years. resources gave grounds for Cypriot economy especially since opmism for the future. the island joined the EU, in 2004. The first panel of the day focused Following on from this tourism and on macroeconomic challenges. A energy were examined. With robust austerity package had been tourism steadily declining in Cyprus 2012 Newsleer - Issue 10 Page 7

PUBLIC LECTURE ‘The Geostrategic Importance of Cyprus: Long Term Trends & Prospects‘ Dr Erato Kozakou-Marcoullis, Minister of Foreign Affairs of Cyprus

On 25 January 2012 , we were Cypriot community in London, the As the Minister explained, delighted to welcome Dr Erato Minister emphasized the historical membership of the European Kozakou-Marcoullis, the Minister of significance of Cyprus within the Union, the rotang presidency of Foreign Affairs of the Republic of eastern Mediterranean as an island which Cyprus will hold in the second Cyprus, to the School to give a that had been an interest of half of 2012, has given new public lecture on the subject of ‘The successive great powers. As she opportunies to build confidence noted, over the millennia on the island. Following on from control of the island had this, she turned to more passed between different contemporary developments and empires, many of which were noted that the discovery of very the leading powers of the era; extensive fossil fuel deposits in the such as the Romans, Arabs, exclusive economic zone of Cyprus Byzannes, Franks, Veneans gives further hope by providing and Oomans. means to help secure the future of Nevertheless, the indigenous the island for all its peoples. At the history and resources of the end of her lecture, the Minister island have been very rich. kindly took a number of quesons Minister Erato Kozakou-Marcoullis However, the impact of the from the audience. 1974 Turkish invasion has been Geostrategic Importance of Cyprus: tragic and long-term. Even today, Long Term Trends and Prospects’. In almost four decades on, it is sll the first part of her speech, which necessary to remind everyone of A page dedicated to this event is available at aracted considerable interest the importance of re-unifying all the hp://www2.lse.ac.uk/ amongst staff and students at the peoples and ethnic communies of europeanInstute/research/ School, as well as members of the the island. hellenicObservatory/Events/ pubLectures/ Kozakou_Marcoullis_2012.aspx PANEL DISCUSSION ‘CYPRUS - Tired of Talking? Civil Society to Bring Life to a Stagnant Process’

On 16 May 2012 , the Hellenic inevitably missing from the soluon will ever be found is Observatory and the discussions. Moreover, people oen diminishing. Drawing on a range of Contemporary Turkish Studies feel alienated and programme , in conjuncon with disenfranchised from the Engi , a Brish based conflict peace process and are ill- management NGO, co-hosted an prepared for any decisions event that presented the case for a that may be reached. This new approach to peace efforts in complete failure to engage Cyprus. with society was seen For far too long, efforts to resolve parcularly clearly in the the Cyprus issue have been process leading up to the narrowly focused on the leaders of creaon of the Annan Plan, the two communies. ‘Cyprus: in 2004. Since then, Tired of Talking’ saw seven leading maers have barely civil society acvists present their improved. While civil visions of the ways in which civil society is increasingly The Panel in a packed Cañada Blanch Room society can reinvigorate efforts to acve across a wide range of reach a lasng selement of the other issue areas on the island, it is different views and perspecves, Cyprus Problem. As the speakers sll le out of the discussions over a the speakers emphasised the need pointed out, society at large is selement. As one of the speakers to increase the roles of women and rarely consulted - either by the key noted, polling shows that, contrary the young in peace efforts, as well decision makers or by the to growing outside views, people in as the valuable part that the island's internaonal community. As a Cyprus do sll want a soluon - business community can play in the result, important perspecves are even if their confidence that a selement process. Page 8 THE HELLENIC OBSERVATORY

JOINT WORKSHOP on Social Change ‘Theory and Applicaons - the case of Greek society’

On 9 March 2012 , LSE hosted a one The two keynote speakers Margaret society were presented by Sofia day work shop on ‘Social Change: Archer (Emerita Professor of Vasilopoulou (Lecturer in Polics, Theory and Applicaons (the case of Sociology, University of Warwick University of York) Theofanis Greek society)’. and director of the Centre for Social Exadaktylos (Research Fellow LSE/ Ontology, Centre Lecturer in European Polics, d’Ontologie Sociale University of Surrey) and Daphne EPFL Ecole Halikiopoulou (Fellow, Department Polytechnique Federale of Government, London School of de Lausane) and Nicos Economics) and by Athanasia Mouzelis (Emeritus Chalari (Research Fellow, LSE). Professor of Sociology, Our special thanks to Athanasia LSE) analysed the Chalari for organising the theorecal aspects of Workshop. social change. In the first Workshop Keynote Speakers: session Dr Professors Margaret Archer & Nicos Mouzelis Vanessa May (Lecturer The event was co organised by the in Sociology, University Hellenic Observatory, LSE and the of Manchester) and Dr Department of Sociology at the Adams (Principal University of Manchester. Lecturer in Psychology, University of Brighton) The work shop was organised along discussed the one public lecture (presented by applicaons of social two keynote speakers) and two change whereas in the plenary sessions (each consisng of last session, two papers From le to right: Dr Mahew Adams, two presentaons). Dr Vanessa May & Dr Athanasia Chalari on the case of Greek

OTHER EVENTS

Co-Sponsored Events:

• ONE-DAY CONFERENCE: Instuons of Economic Governance for an Incomplete Union 17 April 2012 - Sponsored by the EU Representaon to the UK, as well as the Centre for European Reform and the Hellenic Observatory. The Welcome Address was given by Jonathan Scheele (European Commission, Head of Representaon in the UK) and the key-lectures by Adam Posen (, Monetary Commiee), Gavyn Davies (Fulcrum Asset Management) and Paul De Grauwe (Head, European Instute, LSE).

• INTERNATIONAL CONFERENCE: Comparing and Contrasng ‘Europeanizaon’: Concepts and Experiences 14-16 May 2012 - Sponsored by the LSE’s European Instute & Hellenic Observatory, London; The Aragon Foundaon for Research and Development, Zaragoza; The Research Unit on ‘Global Governance and the EU’, Universidad de Zaragoza; The Master Programme on Studies, Universidad de Zaragoza; The ‘EUGov’ Research Unit, IUEE, Universidad Autònoma de Barcelona.

Associaon for Cypriot, Greek & Turkish Affairs (ACGTA) Events:

• An Evening with the Cyprus Community Media Centre: Media Across the Divide in Cyprus 5 October 2011 Representaves of the Cyprus Community Media Centre

• Seminar on the Law of the Sea and its applicaon to and relevance for the growing dispute between the Republic of Cyprus and the Turkish government 18 November 2011 Alper Riza & Nicos Papadakis 2012 Newsleer - Issue 10 Page 9

RESEARCH SEMINARS 2011-12 There is a page dedicated to all HO 2011-12 Seminars hp://www2.lse.ac.uk/ One of the cornerstones of the Greece. It allows an audience of LSE europeanInstute/research/ hellenicObservatory/Events/ Hellenic Observatory’s public students and faculty, vising fellows seminars/Seminars_2011- acvies connues to be the and members of the wider London 2012.aspx fortnightly research seminars held community interested in Greece, to during the Michaelmas and Lent listen to, engage with and queson Terms. a variety of speakers both from the crisis, as well as Greece’s European UK and beyond, policy-making, its foreign policy, dealing with and the more specific topics of the topical issues and reform of IKA and the ‘Callicrates’ academic debates. reform of local government. As with previous It is impossible to do jusce to the series, 2011-12 breadth of topics covered, the saw the HO hosng number of speakers who presented a varied list of their work and ideas, and the level speakers from the of debate generated by these academic and research seminars. policy-relevant We do recommend that you look at world, mixing the relevant lisng to appreciate established the diversity and relevance of the academics with Professor Valinakis audience on 11 October 2011 subjects covered and speakers younger, emerging invited. We are extremely proud of These occasions are specifically scholars, HO vising fellows and this parcular series which along designed to provide a public forum those invited specifically for this with our Annual Lecture is now in its for the exchange of ideas of series. The topics addressed in twelh year of existence. We hope contemporary interest and these seminars focused on the to see you at one - or more - of our academic importance in relaons to economic, polical and social research seminars in the the social sciences and the study of dimension of the current Greek forthcoming academic year.

MICHAELMAS TERM 2012-13 - Provisional Schedule

9 October 2012 Nicholas APERGIS [Professor in Economics, Department of Banking and Financial Management, University of Piraeus] ‘Stylized Characteriscs of the Greek Inflaon: Some Policy Recommendaons’ 23 October 2012 Nicos CHRISTODOULAKIS [Professor of Economics, Athens University of Economics and Business; Former Minister of Finance] ‘Currency crisis and collapse in interwar Greece: Predicament or Policy Failure?’ 6 November 2012 Stella LADI [Senior Lecturer, School of Business and Management, Queen Mary, University of London] ‘The Eurozone Crisis and Austerity Polics: A Trigger for Administrave Reform in Greece?’ 20 November 2012 Nikolaos ZAHARIADIS [Professor, Department of Government, University of Alabama at Birmingham] ‘Polics, Privazaon, and Performance in Greek Telecommunicaons’ 4 December 2012 Nikos SKOUTARIS [A.N. Hadjiyiannis Senior Research Fellow, Hellenic Observatory, LSE] ‘Accommodang the Cyprus issue in the European Union’s polical and legal order’

Venue: Cañada Blanch Room (COW1.11, 1st floor), Cowdray House, Portugal Street, European Instute, LSE, London WC2A 2AE Time: 18:00 - 19:30

The final programme of the 2012-13 seminars will be uploaded to the HO website in October hp://www.lse.ac.uk/collecons/hellenicObservatory/Events/Seminars/Seminars_main.htm Page 10 THE HELLENIC OBSERVATORY

Research from core Academic Staff

Kevin Featherstone Spyros Economides Vassilis Monasrios ‘I have connued my research on ‘In the last year my research and ‘In the last year my research has the problems of government publicaons have focused mainly on focused on spaal and geographical coordinaon and control in Greece the relaonship between the EU issues in Greece and elsewhere in since 1974. Together with Dimitris and the region of the Western Europe. A paper examining the Papadimitriou (University of Balkans. Geographical Impact of the Manchester) we will publish an More specifically, I concentrated on Austerity Measures in Greece was arcle in Governance, a leading the concept of state-building and published in December 2011 at the polical science journal in the USA, how it applies to EU policy towards Cambridge Journal of Regions, entled ‘The Emperor has no the countries of the Western Economy and Society. Clothes! Power and Resources Balkans, and in addion on the on- Another paper on the Geographical within the Greek Core Execuve’. A going developments in the status of Allocaon of Public Investment in monograph from the research is Kosovo and its relaonship to the Greece, and its effecveness, was currently being prepared. In EU. With specific regard to Greece, also completed this year and is autumn 2012, I will be a vising my research and wring in this area forthcoming in the European Urban scholar at the Center for European has also been dominated by the and Regional Studies (co-authored Studies, Harvard University, where I relaonship with Europe. And with with former HO Fellow Dr Yiannis will work on this manuscript. respect to this my work has Psycharis). Two other papers were I have also edited a new book, concentrated on three main completed recently and are ‘Europe in Contemporary Greek dimensions: all three are linked in currently under review, one on the History’, to be published by Hurst & Geography of Spaal Disparies Co., London, later in 2012. This under Transion (in Central and collecon of essays arises from a Eastern Europe) and one on the workshop held at the Brish School Effects of Decentralisaon on Inter- in Athens in 2011 and brings municipal Compeon (in Serbia). together contribuons from a range A more theory-oriented paper on of disciplines, both in the social the link between Employment sciences and the humanies. Flexibility and Cross-regional I have made a number of Adjustment (co-authored with Dr contribuons to debates on the Yiannis Kaplanis) is also currently under review, as is a paper on the Greek crisis this last year. I that they relate to my parcular recent Public Sector Wage Cuts and published a short note, ‘Greece: interest in foreign policy, both Labour Market Efficiency in Greece penetrated, bound and commied’, Greek and European. in the EUSA Review, February 2012. (co-authored with Dr Rebekka In the first aspect, I have looked I was also an invited speaker at the Christopoulou). Parallel to this, I closely at the relevance and impact following: have also been working on a of Europe -and the EU- on Greek number of externally funded Keynote speaker: polical foreign policy. This has resulted in corrupon in Greece, Intelligence projects, on the Geographical two publicaons, a chapter in an Effects of the EU Neighbourhood Squared Debate, Tavros, Athens, edited book (Featherstone 2012), December 2011. Policy, on the Effecveness of and a discussion paper on whether Cohesion Policy (both funded by the Respondent to keynote speaker, Greece actually has a foreign policy. European Commission), and on the conference on ‘Change in Greece’, Linked to this is the second aspect link between Spaal Associaon Oxford, May 2011. of my research looking at Greece’s and Economic Connectedness Business conference discussion on ‘strategic culture’ in its European (funded by the Brish Academy). the Greek Crisis, Internaonal context which too will form a Work on labour market issues, Herald Tribune / Kathimerini chapter in an edited collecon. especially with regard to labour Conference, Athens, June 2011. Lastly, I connue to work on the market (de)regulaon and the Panellist, debate on ways out of the Europeanisaon of foreign policy in impact of downsizing in the public Greek crisis, Athens Chamber of the conceptual context, an interest sector, also connues for the case Commerce, Athens, January 2012. which stems directly from my of Greece and expanding to the In 2012, I was accepted as a previous work on the cases of Serbia and other Southeast member of the UK’s Academy of the Europeanisaon of Greek foreign European countries. Social Sciences.’ policy.’

LISTSERV for Research Students Please join our server list to maintain a dialogue between fellow specialists. For more informaon, visit our website: hp://www.lse.ac.uk/collecons/hellenicObservatory/WhatIsListserv.htm 2012 Newsleer - Issue 10 Page 11

GreeSE Papers 2011-12

In the summer of 2012 Dr Vassilis Monasrios stepped instuons; foreign affairs and diplomacy; and many -down from his role as Editor-in-Chief for the GreeSE more - covering not only Greece but oen Cyprus and Papers series, handing-over to Dr Andreas Kornelakis, other Balkan countries. Lecturer in Organizaonal Behaviour at the University of Although the number of citaons achieved by the series Sussex and a PhD graduate of the European Instute, in its first five years is rather modest, the series has a LSE. Ms Ioanna Antonopoulou remains in her role as wide readership and high visibility, with over 3,000 Editorial Assistant for the Series, while Vassilis downloads via the academic depositories where the Monasrios joins Kevin Featherstone and Spyros series is listed and a large number of the papers that Economides on the Editorial Board. have appeared in the series being published Having been instrumental for the creaon of the series subsequently in internaonal academic journals. back in the spring of 2007, Vassilis Monasrios Our new Editor-in-Chief, Dr Andreas Kornelakis, is an oversaw the development of the series and its excellent young academic with an established record of establishment as a valuable reference point for research on industrial relaons and issues of social academically rigorous and policy relevant research on policy in Greece. Greece within its European and Southeast-European We are confident that his interdisciplinary research contexts. Over the last five years the series has background, covering published over 60 papers with almost-religious areas from economic regularity (one per month). These papers cover a large sociology to comparave spectrum not only themacally but also in terms of the polical economy and contribung authors - coming from Greece, the UK and from human resource beyond, covering both in-house research and management to the study independent external submissions, the list of authors of instuons and public includes a mix of young and established academics policy, will be an asset for (from PhD students to full professors), senior policy- the series. We are thus makers and policy praconers (from former Ministers delighted to welcome of Finance to former Commission officials). Although at Andreas to the GreeSE mes economics issues seemed to dominate the Papers team and we look themac focus of the series, in-between papers forward to his leadership examining the sustainability of the Greek debt and the in taking the series to new extent of regional disparies in the country, we had levels of success and papers on Greek-Turkish relaons; the role of educaon guiding it towards the and religion; issues of ethnicity and migraon policy; connuous expansion of its The outgoing Editor-in-Chief contemplang his departure social imbalances and social policy; administrave profile, readership, coverage from the series reform and public governance; history, polics and and policy impact.

Latest Papers in the Series (50) Olga Christodoulaki , Haeran Cho & Piotr Fryzlewicz , A Reflecon of History: Fluctuaons in Greek Sovereign Risk between 1914 and 1929 , September 2011. (51) Alexis Heraclides , The Essence of the Greek-Turkish Rivalry: Naonal Narrave and Identy , October 2011. (52) Horen Voskeritsian & Andreas Kornelakis , Instuonal Change in Greek Industrial Relaons in an Era of Fiscal Crisis , November 2011. (53) Elpida Prasopoulou , In quest for accountability in Greek public administraon: The case of the Taxaon Informaon System (TAXIS) , December 2011. (54) George Alogoskoufis , Greece's Sovereign Debt Crisis: Retrospect and Prospect , January 2012. (55) Melina Skouroliakou , The Communicaon Factor in Greek Foreign Policy: An Analysis , February 2012. (56) Anastassios Chardas , Mul-level governance and the applicaon of the partnership principle in mes of economic crisis in Greece , March 2012. (57) Stella Ladi , The Eurozone Crisis and Austerity Polics: A Trigger for Administrave Reform in Greece? , April 2012. (58) Yannis Kechagiaras , Why did Greece block the Euro-Atlanc integraon of the Former Yugoslav Republic of Macedonia? An Analysis of Greek Foreign Policy Behaviour Shis , May 2012. (59) Platon Monokroussos & Dimitrios D. Thomakos , Can Greece be saved? Current Account, fiscal imbalances and compeveness , June 2012. (60) Nicos Christodoulakis , Currency crisis and collapse in interwar Greece: Predicament or Policy Failure? , July 2012. (61) Helen Caraveli & Ehymios G. Tsionas , Economic Restructuring, Crises and the Regions: The Polical Economy of Regional Inequalies in Greece , August 2012. Page 12 THE HELLENIC OBSERVATORY

Research Fellows 2011-12

From le to right: experience with the Hellenic collegial environment. During my Observatory has been thus far me there I enhanced my Dr Athanasia Chalari parcularly fruiul allowing me to understanding of the polical A.C. Laskaridis Post-Doctoral Fellow work closely with other in-house dimension of the Greek crisis. At the ‘The year I have spent at the specialists and the other research same me, my interacons with the Hellenic Observatory was the most fellows. Once completed, I hope to HO members of staff helped me see intellectually fulfilling and have gained the theorecal and modern Greece though alternave rewarding experience. This year empirical tracon on the project to angles, while the smulang enabled me to share the excitement lead to publicaon of the findings. seminars and public lectures of my research sparked off fruiul - endeavours with endless - discussions polical, economic about Greece’s and social sciensts future. Overall a and receive the most fantasc experience!’ proficient support regarding my own Dr Vasilis research plans and Leontsis acvies. The group Naonal Bank of of people comprising Greece, Research the HO, offer the Fellow most friendly, ‘The me I spent at supporve and the Hellenic academically Observatory was one smulang of the most environment that a smulang periods researcher could of my academic life. I ever hope for.’ had the privilege to 2011-12 Research Fellows pursue my own Dr Theofanis academic interests within Exadaktylos During my me so far, I had the an inspiring environment. opportunity to present the project Ministry of Finance Greece, Everybody at the HO did everything in the HO seminar series, as well as Research Fellow they could to provide me with the within the context of a workshop on ‘The generous fellowship of the facilies and the support necessary the future of the Balkans in Athens Ministry of Finance offered me the to complete my project. At the in collaboraon with the Brish opportunity to return to the LSE and same me, I was lucky enough to School at Athens and the Brish embark on a research project meet with some excellent people Academy.’ regarding the impact of the and forge long-lasng academic

European Union on the formulaon relaonships. The lively academic Dr Spyros Kosmidis of Greek foreign policy in the life at the LSE allowed me to expose Balkans in the new context that Naonal Bank of Greece, Research myself to new ideas and ways of emerged in the region following the Fellow thinking. This has been an Eastern Enlargement of the EU. My The HO provides top quality unforgeable year and a turning academic research in a friendly and point in my academic career.’

Professor Yannis Valinakis Ministry of Finance Greece, Senior Research Fellow ‘My me at the LSE was a very rewarding and refreshing experience. The HO is a thriving research community that inspires academic work; it gave me the opportunity to get acquainted with and engage in smulang discussions with fellow scholars and approach European affairs in an interdisciplinary manner. The excellent research and library facilies coupled with a very interesng seminar and public lecture series contributed tremendously to developing and finalizing my work on Greece’s European Policy Making. Also, in the midst of Greece's severe economic crisis, my me at the HO offered me the opportunity to get the view of experts from different disciplines, to discuss issues in a muldisciplinary manner and to get very useful and novel insights on its causes, repercussions and possible soluons. I would like to thank the HO team for their warmth and connuous support throughout my stay and all those who made this experience possible. During my Fellowship, I have conducted research on Greece’s European Policy Making, including fieldwork in Greece and in comparave perspecve in Brussels. My research resulted in the paper “Greece’s European Policy Making”. I also directed a seminar on European policy and parcipated in conferences, seminars and roundtable discussions.’ 2012 Newsleer - Issue 10 Page 13

Research & Vising Fellowships

A key part of the Hellenic Observatory’s mission is to welcome vising fellows and researchers, to extend our experse and collaboraon while enriching their professional experience. We have been delighted to host our fellows this year, an exceponal team of talented researchers and we look forward to welcoming our new fellows from September 2012. Research Fellows 2012-13 We would like to welcome the following Fellows to the HO during the academic year 2012-13:

NATIONAL BANK OF GREECE POST-DOCTORAL RESEARCH FELLOWSHIP Dr DANIEL M. KNIGHT (Honorary Research Fellow & Admissions Programme Coordinator, Department of Anthropology, Durham University) on the project ‘Under the Wings of Daedalus: photovoltaic energy transion and economic sustainability in Greece’.

A.N. HADJIYIANNIS RESEARCH FELLOWSHIP ON CONTEMPORARY CYPRUS Dr REBECCA BRYANT (Associate Professor of Anthropology, George Mason University) will connue/complete three on-going projects using ethnographic research in unrecognized, breakaway states to invesgate everyday construcon of sovereignty in a global or transnaonal order. Dr NIKOS SKOUTARIS (Assistant Professor, Maastricht University) on the project ‘Comparing forms of territorial pluralism for the accommodaon of ethno-territorial conflict in Europe’.

Vising Fellows

Academic year 2011-12: For 2012-13 we are pleased to welcome: HELEN CARAVELI SOKRATIS KONIORDOS Assistant Professor, Athens University of Economics Associate Professor, Department of Sociology, & Business University of Crete ANASTASSIOS CHARDAS ADONIS PEGASIOU Internaonal Summer School Tutor, Research Associate, European University of Cyprus University of Sussex YANNIS VALINAKIS THANASSIS DIAMANTOPOULOS Professor Int’l Relaons, University of Athens; Professor, Panteion University of Social President of the Jean Monnet Centre of Excellence; & Polical Science Former deputy Minister of Foreign Affairs AGAPI KANDYLAKI ANNA VISVIZI Associate Professor in Social Work, Associate Professor, Democritus University of Thrace The American College of Greece, DEREE LILA LEONTIDOU Director of European Culture Programme & Gem Research Unit, Hellenic Open University The HO welcomes applicaons for ALEXANDROS NAFPLIOTIS Vising Fellows & Vising Senior Fellows Press Aaché, for a period between 6-12 months, for work High Commission of the Republic of Cyprus that is relevant to the research of the Department. For more info visit the link below DIMITRI SOTIROPOULOS hp://www2.lse.ac.uk/europeanInstute/ Associate Professor of Polical Science, research/hellenicObservatory/1st_PAGE/ University of Athens Vising_Opportunies.aspx

Internships The HO welcomes enquiries from current students interested in working for a short period as an intern, assisng with the acvies of the Observatory. The Hellenic Observatory would like to thank Konstanna Sai , Cynthia Sarafianou and Ariadne Kypriadou who all have offered their assistance over the last year! Page 14 THE HELLENIC OBSERVATORY

News

Naonal Bank of Greece - External Research Projects

At the end of 2011, the HO invited one grant of GBP £10,000 to each of entrepreneurship in Athens' will be researchers with a recognised the themac areas. carried out under the direcon and interest in contemporary Greece to SUCCESSFUL PROJECTS: supervision of Dr Panos submit an applicaon for funding in The Social Consequences of the Hatziprokopiou and Assistant order to carry out a project on one Current Economic Crisis Professor Yannis Frangopoulos both of the following themes: (1) The Research Project entled 'State from the Department of Spaal Migraon, (2) The Social Crisis and Civil Consciousness in Planning and Development, Consequences of the Current Greece' will be carried out under Aristotle University of Thessaloniki, Economic Crisis. the direcon and supervision of Greece. The Call was Associate Professor Manussos We would like to record out open to all Marangudakis, Associate Professor gratude to the Naonal Bank of researchers with Kostas Rontos, both from the Greece for its generosity in a university Department of Sociology, University providing funding for these two affiliaon, who already held a of Aegean, Greece and Dr Maria research projects. This iniave is doctorate (PhD degree) and had at Xenidou from the Department of consistent with the HO's mission to least two years of post-doctoral Sociology, University of Surrey, UK. promote public policy research and research experience. Applicaons Migraon to foster academic collaboraon from groups of researchers were The Research Project entled and networks and follows on from a also eligible. The HO received a 'Emerging ethnic economies at previous successful call made in large number of compeve mes of crisis: socio-economic and 2009. applicaons, but could only award spaal dimensions of immigrant

New Partnership The Hellenic Observatory has sponsorship of the ‘LSE Hellenic established a new relaonship with Observatory-Neapolis University the Neapolis University, Pafos, Post-doctoral Fellowship’. Cyprus. The University is the latest The fellow will be appointed to instuon to be registered as a conduct research on ‘Cyprus and organised on the theme of ‘Cyprus University in Cyprus, having the EU Presidency’ and will be and the EU Presidency’, with these received Ministry of Educaon based at the LSE with visits to events being hosted in Cyprus. approval in December 2007, and Neapolis University. Further details regarding both these the first ever university in the In addion to this it is planned that incenves will be posted to the region of Pafos. a series of seminars and a Hellenic Observatory’s website once The new iniave includes the conference programme will also be finalised. Staff in the Press Professor Kevin Featherstone Brazil, Australian and Canadian Channel and the Greek SKAI TV and connued wring his column in one Broadcasng, Voice of America, SKAI Radio. of the leading Greek Sunday Voice of Russia, France 24, Radio Dr Theofanis Exadaktylos (Ministry newspapers Kathimerini. He also France Internaonal, and many of Finance Greece, Research gave interviews to BBC World others. Fellow) did interviews for BBC’s Service & Radio, and NBC Dr Vassilis Monasrios did Radio 5 & Radio Surrey, CTV, BNN; Internaonal and was quoted by interviews for BBC News TV & he published arcles in the Greek The New York Times, The Los Radio, Voice of Russia, Sky, ITV, newspaper To Vima and was quoted Angeles Times, The Washington NBC, Greek SKAI TV, France 24 TV by the Australian Financial Review, Post, the Times of India and many and the Greek Radio Staons NET the Slovanian Pravda and the more. 105.8 and Athena 9.84; he was Danish Poliken. Dr Spyros Economides had arcles quoted in various arcles published Dr Vasilis Leontsis (Naonal Bank in BBC News Online, Naemporiki by CNN Online, Metro Internaonal, of Greece Research Fellow) gave an and Athens News, as well as being Herald Sun, and the Athens News. interview to Sir David Frost for his regularly quoted by Bloomberg. In Dr Athanasia Chalari (A.C. show 'Frost Over the World' on Al addion he was interviewed by BBC Laskaridis Post-Doctoral Fellow) Jazeera and was also cited by the Radio 4 and 5, BBC World Service, gave interviews to BBC World TV & Chilean newspaper El Mercurio. Bloomberg Radio, ITN, Globo TV Radio, BBC Brazil, CTV News 2012 Newsleer - Issue 10 Page 15

Donors Advisory Board

The programme of acvies sustained by the Dr Georgios Provopoulos Hellenic Observatory depends crucially on the Governor, Bank of Greece (Chairman) financial support it receives from outside bodies. Professor Kevin Featherstone Director, Hellenic Observatory For this reason, we wish to record our very sincere gratude, once again, to the following Dr Spyros Economides donors for their generosity and for the Deputy Director, Hellenic Observatory confidence they place in us: Dr Spiro J Latsis Member, LSE Board of Governors A.C. Laskaridis Professor Achilleas Mitsos Andreas N. Hadjiyiannis Former General Secretary, Ministry of Development Eurobank EFG Professor Elias Mossialos Director, LSE Health Hellenic Petroleum S.A. Professor Nicos Mouzelis Ministry of Finance, Greece Emeritus Professor of Sociology, LSE Professor Lucas Papademos Naonal Bank of Greece Former Prime Minister of Greece; Former Vice President - Neapolis University, Cyprus Professor Christopher Pissarides Professor of Economics, LSE OPAP S.A. Professor Vasileios Rapanos Viohalco S.A. Former Chairman, Naonal Bank of Greece

Research Associates

GEORGE ALOGOSKOUFIS University; Professor of Economics, Athens University of Co-Director ESRC Research Centre, Instute for Economics & Business; Former Greek Minister Fiscal Studies of Economy & Finance DIMITRIS PAPADIMITRIOU NICOS CHRISTODOULAKIS Professor of Polics; Director of the Professor of Economics, Athens University of Manchester Jean Monnet Centre of Excellence Economics & Business; Former Greek Minister (JMCE) of Economy & Finance PANOS TSAKLOGLOU STEFAN COLLIGNON Professor of Internaonal & European Professor of Polical Economy, Sant'Anna Economic Studies, Athens University of School of Advanced Studies, Pisa; Internaonal Economics & Business; Research Fellow, Chief Economist Centro Europa Ricerche (CER), Instute for the Study of Labor (IZA, Bonn) Roma VASILIS LEONTITSIS COSTAS MEGHIR Naonal Bank of Greece Research Fellow, Professor of Economics, University College Hellenic Observatory, LSE London; Douglas A. Warner III Professor, Yale Page 16 THE HELLENIC OBSERVATORY

Forthcoming Events

• A panel discussion in conjuncon with the Hellenic Bankers Associaon (UK), on the theme of ‘Leadership in Greece’, is planned for Autumn 2012. • The Neapolis University , Pafos and the Hellenic Observatory will host a forum on ‘The Cyprus Presidency of the Council of the European Union: Challenges and Opportunies’ on 6-7 September 2012. • The 13th Hellenic Observatory Annual Lecture will also take place in Spring 2013.

For further details on these and all other HO events and acvies, please follow this link hp://www2.lse.ac.uk/europeanInstute/research/hellenicObservatory/Events/events.aspx

Who’s Who Boom row: • Mrs Ismini Demades Hellenic Observatory & LSEE-Research on South Eastern Europe Manager • Professor Kevin Featherstone European Instute Head; Hellenic Observatory Director; LSEE-Research on South Eastern Europe Co-Chair; Eleherios Venizelos Professor of Contemporary Greek Studies & Professor of European Polics Top row: • Ms Ioanna Antonopoulou Hellenic Observatory & Temporary LSEE-Research on South Eastern Europe Administrator • Dr Spyros Economides Hellenic Observatory Deputy Director; LSEE-Research on South Eastern Europe Co-ordinator; Senior Lecturer, Internaonal Relaons and European Polics • Dr Vassilis Monasrios LSEE-Research on South Eastern Europe Acng Director; Senior Lecturer in the Polical Economy of South East Europe

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