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Council Of Economic Advisers (Greece)
The Council of Economic Advisers ( el, Συμβούλιο Οικονομικών Εμπειρογνωμόνων; SOE) is an advisory body that is part of the Greek Ministry of Finance. The current Chairman of the Council is George Chouliarakis, also an Alternate Minister of Finance. Purpose and role According to Panos Tsakloglou, former Chairman of the Council of Economic Advisers, the Council is "the think tank of the government in economic issues." It consists of "a board composed of academics, which meet regularly, and a scientific team that operates on a daily basis." Practically, it is responsible for representing Greece in EU and other international organisations' working groups, for monitoring the implementation of the memorandum, for carrying out various ''ad hoc'' duties within the Ministry of Finance, and for providing expertise to the Greek government when they request it. The Chairman of the Council of Economic Advisers represents Greece in EU working groups and on t ...
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Government Agency
A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administration. There is a notable variety of agency types. Although usage differs, a government agency is normally distinct both from a department or ministry, and other types of public body established by government. The functions of an agency are normally executive in character since different types of organizations (''such as commissions'') are most often constituted in an advisory role—this distinction is often blurred in practice however, it is not allowed. A government agency may be established by either a national government or a state government within a federal system. Agencies can be established by legislation or by executive powers. The autonomy, independence, and accountability of government agencies also vary widely. History Early ex ...
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Advisory Board
An advisory board is a body that provides non-binding strategic advice to the management of a corporation, organization, or foundation. The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors. Unlike the board of directors, the advisory board does not have authority to vote on corporate matters or bear legal fiduciary A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for exa ... responsibilities. Many new or small businesses choose to have advisory boards in order to benefit from the knowledge of others, without the expense or formality of the board of directors. Function The function of an advisory board is to offer assistance to enterprises with anything from marketing to managing human resources to influencing the d ...
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Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the northeast. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, featuring thousands of islands. The country consists of nine traditional geographic regions, and has a population of approximately 10.4 million. Athens is the nation's capital and largest city, followed by Thessaloniki and Patras. Greece is considered the cradle of Western civilization, being the birthplace of democracy, Western philosophy, Western literature, historiography, political science, major scientific and mathematica ...
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George Chouliarakis
George Chouliarakis ( el, Γιώργος Χουλιαράκης), also transliterated as Giorgos Houliarakis, is a Greek academic and politician who served as an Alternate Minister of Finance in the Second Cabinet of Alexis Tsipras, serving under Euclid Tsakalotos. Chouliarakis was formerly the interim Minister of Finance in the caretaker government led by Vassiliki Thanou-Christophilou. He is currently a lecturer in economics at the University of Manchester, and was also the chief negotiator for the Greek government in the run-up to the third bailout package. Education Chouliarakis was born in Iasmos and studied economics at the University of Athens, before completing a Master's degree at the University of London. He later completed his PhD in economics at the University of Warwick. Academic career Chouliarakis has taught economics at the University of Essex, and has been a research fellow at the Institute for Employment Research of the University of Warwick. He is curren ...
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Ministry Of Finance (Greece)
The Ministry of Finance ( el, Υπουργείο Οικονομικών) is the government department responsible for Greece's public finances. The incumbent minister is Christos Staikouras of New Democracy. Minister's role According to Article 73 of the Constitution of Greece, any bills relating to pensions must be submitted by the Minister of Finance. According to Article 75 of the Constitution, any bill relating to expenditure or a reduction in revenue must not be introduced unless accompanied by a special report on the bill, signed by the Minister of Finance. Finally, according to Article 79 of the Constitution, the Minister of Finance must bring the budget before the Hellenic Parliament at least one month before the start of the fiscal year, for it to be voted on. Lists of Ministers List of Ministers of Finance (1967–2000) List of Ministers of Economy and Finance (2000–2009) List of Ministers of Finance (since 2009) See also *Bank of Greece References Exter ...
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Economic And Financial Committee (European Union)
The Economic and Financial Committee (EFC) is a European Union advisory body, defined by the article 134 of the Treaty on the Functioning of the European Union. Its president is also the president of the Eurogroup Working Group, which prepares dossiers for approval by the Eurogroup, whose decisions are generally ratified by ECOFIN. History Prior the third stage of the Economic and Monetary Union (EMU) which began on 1 January 1999, the Economic and Financial Committee was preceded by the Monetary Committee, which was established by article 105 of the Treaty of Rome in 1957. In May, as part of the European Semester 2016 Spring Package, the committee was tasked with making Article 126(3) reports on Belgium, Finland and Italy's government debt. Agenda and composition of the EFC The EFC is an advisory body, set up to promote coordination of member states' policies necessary for the functioning of the internal market. The EFC: *provides opinions at the request of the Council o ...
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Eurogroup
The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 19 members. It exercises political control over the currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. The current President of the Eurogroup is Paschal Donohoe, the Minister for Finance of Ireland. The ministers meet '' in camera'' a day before a meeting of the Economic and Financial Affairs Council (ECOFIN) of the Council of the European Union. They communicate their decisions via press and document releases. The group is related to the Council of the European Union (only Eurogroup member states vote on issues relating to the euro in the ECOFIN) and was formalised under the Treaty of Lisbon. History The Eurogroup, formerly known as the ''Euro-X'' and ''Euro-XI'' in relation to the number of states a ...
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Economic And Financial Affairs Council
The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 27 European Union member states, as well as Budget Ministers when budgetary issues are discussed. ECOFIN often works with the European Commissioner for Economic and Financial Affairs and the President of the European Central Bank. Tasks The Council covers a number of EU policy areas, such as economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries. It also prepares and adopts every year, together with the European Parliament, the budget of the European Union which is about €145 bn. Decision making The council meets once a month and decides mainly by qualified majority, in consultation or cod ...
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Third Economic Adjustment Programme For Greece
The Third Economic Adjustment Programme for Greece, usually referred to as the third bailout package or the third memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis. It was signed on 12 July 2015 by the Greek Government under prime minister Alexis Tsipras and it expired on 20 August 2018. History 2012 A ''Financial Times'' editorial on 22 February 2012 argued leaders had "proved themselves unable to settle on a solution that will not need to be revisited yet again", that at best the deal could only hope to remedy one part of the Greek disaster, namely the country's debilitated public finances, though it would not likely even do that. The Eurozone's latest plan did, at least, evince consistency with the currency block's previous behaviour: German minister of finance Wolfgang Schäuble and Eurogroup president Jean-Claude Juncker shared the scepticism and did not rule out a thir ...
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George Zanias
Georgios P. Zanias ( el, Γιώργος Π. Ζανιάς, , born 16 August 1955 in Orchomenus) was briefly Minister of Finance in Greece from May to July 2012. In June 2012 he was due to be replaced by Vassilis Rapanos. Instead, he was replaced by economist Yiannis Stournaras. Zanias was one of the chief negotiators of the bailout of Greece in 2011-2012. Career Zanias is Professor of Economics at the Athens University of Economics and Business where he served as Chair of the Department of International and European Economic Studies. He has previously held academic posts at the Universities of Oxford, Crete, and the Agricultural University of Athens. He graduated from the Athens University of Economics and Business with a B.Sc. in Economics and received his master's degree from the University of Reading in England and his Ph.D. in Economics from Oxford University. Appointments Zanias has held many positions in the Greek government, and served as Minister of Finance in the Caret ...
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Vassilis Rapanos
Vassilis Rapanos ( el, Βασίλης Ράπανος; born 1947) is a Greek economist. Early life and education Rapanos was born on the island of Kos in 1947. He received his bachelor's degree from the Athens University of Economics and Business in 1975 and a doctorate from Queen's University at Kingston in 1982. Early experience During the Regime of the Colonels, Rapanos was imprisoned for more than four years for participating in left-wing resistance against the military regime. He is a former economics professor in the Department of Economics at the University of Athens. He also served as financial advisor to then prime minister Costas Simitis from 2000 to 2004 and to the Greek delegations to the European Union and the OECD. He was also chairman of the Council of Economic Advisers during this period. He also served in the Economy Ministry at the period when Greece joined the euro in 2001. He served as chairman of the Hellenic Telecommunications Organization from 1998 to 2000. ...
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Yannis Stournaras
Yannis (or Giannis) Stournaras ( el, Γιάννης Στουρνάρας; born 10 December 1956) is a Greek economist who has been the Governor of the Bank of Greece since June 2014. Previously, he had been the Greek Minister of Finance from 5 July 2012 serving until 10 June 2014. As every Governor of an IMF member country, he is on the Board of Governors of the International Monetary Fund. Early life and education Stournaras received his undergraduate degree in economics from the University of Athens in 1978. He received a Master's degree (MPhil) and doctorate (DPhil) in economic theory and policy from the University of Oxford in 1980 and 1982 respectively. Academic career From 1982 to 1986, Stournaras worked as a lecturer and research fellow at St Catherine's College, Oxford, and as a research fellow at the Oxford Institute for Energy Studies. He then returned to Greece where he worked as a special advisor to the Ministry of Finance from 1986 to 1989, to the Bank of Greece f ...
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