Protesilaos Stavrou

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This blog came in response to a need, not a desire: to express myself in ways that differed from whatever form I was expected to conform with. I was already studying the European Union so there certainly existed at least some rudimentary interest in it. However it was not this which provided the impetus to… » read more

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The latest in the concatenation of disjointed actions characterizing the Cyprus bailout programme, is what appears to be a reprofiling of the sovereign debt, realized through a “volunary” bond exchange, under domestic law, worth €1 billion, with the material effect of extending maturities while holding coupon rates constant. The press release of the Ministry of… » read more

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Ideology and political orientation are inseparably attached to the historical-cultural context that engendered and sustained them. To valorize the methods and objectives of a given system of values, as the ultimate telos of a political power impulse, is to bestow upon subjective ideas a supracontextual patina and to proceed with treating them as either self-evident… » read more

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On June 11 and 12, 2013 the German Constitutional Court will be considering the legal foundations of the European Stability Mechanism (ESM) and the Outright Monetary Transactions (OMT) of the European Central Bank (the Bruegel blog has an informative press review on the subject). This case is of great interest for a number of reasons… » read more

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While having already addressed the argument which asserts a mechanical alleviation of the economic duress in the eurozone’s periphery by virtue of spontaneous or instigated rising inflation in the core, Germany in particular, I continue to feel an inclination to restate my position on the matter, after having been stimulated or inspired to proceed thus… » read more

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The present author finds it pertinent to express the feeling of amazement that is always born in him following an exposition to the Olympian pronouncements of the European Commission’s President, Mr. José Manuel Barroso; amazement not in the sense of a positive impression, but rather as a profound bewilderment blended with an uneasiness that stems… » read more

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On April 26 2013, I had the great honor to attend a lecture on Democracy, Solidarity, and the European Crisis by one of the foremost thinkers of our age, Professor Jürgen Habermas. The event, which can now be watched online, took place at the premises of a very important center of knowledge in Belgium, if… » read more