Post Tagged with: "Greece"

BSG Faculty, Economic growth and resilience

The IMF’s euro crisis

The IMF’s euro crisis

Over the last few decades, the International Monetary Fund has learned six important lessons about how to manage government debt crises. In its response to the crisis in Greece, however, each of these lessons has been ignored. The Fund’s participation in the effort to rescue the eurozone may have raised […]

by × 27 July 2015 ×

BSG Students, Deepening Democracy

Deepening Democracy in Europe: Participatory budgeting is a solution to the austerity vs democracy conundrum

Deepening Democracy in Europe: Participatory budgeting is a solution to the austerity vs democracy conundrum

In its mission statement the Global Commission on Elections, Democracy and Security points out that while elections are vital to democracy, on their own they are not sufficient. According to, “Deepening Democracy”, a recent report, elections also need integrity. They are right. But elections are insufficient in at least another respect too. Democracy is not limited to casting a ballot once every four or five years; the nature of democratic government also manifests itself in the period between elections. This is best exemplified by the current sovereign debt crisis in the Eurozone.

by × 18 November 2012 ×