Cyprus Recovery Plan: A Midterm Assessment
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Date
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Friday, 6 March 2015
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Venue
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Shaw Library, Old Building, LSE
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Time
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09.15-18.30
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Welcome and Introduction
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Professor Kevin Featherstone, Eleftherios Venizelos Professor of Contemporary Greek Studies & Professor of European Politics; Director, Hellenic Observatory, LSE
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Chairs
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Professor Erik Berglöf,
Director of the Institute of Global Affairs, LSE
Dr Vassilis Monastiriotis,
Associate Professor in the Political Economy of South East Europe, LSE
Dr James Ker-Lindsay,
Eurobank EFG Senior Research Fellow on the Politics of South East Europe, LSE
Professor Elias Dinenis,
Visiting Professor, Hellenic Observatory, LSE
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A one-day conference organised by the Hellenic Observatory in association with the University of Nicosia and with the support of the Neapolis University of Pafos.
Foreword
On the second anniversary of the Cyprus bail-in, the Hellenic Observatory in association with the University of Nicosia hosted this conference to debate the issues surrounding that momentous decision and its repercussions. The conference is the sequel to an earlier event jointly organised by the Hellenic Observatory and Neapolis University in Cyprus, in September 2012, to discuss the then worsening economic situation in Cyprus and the challenges ahead.
Two and a half years later, and with a recovery plan in place, we revisited the topic of the Cyprus economy. The central question we sought to address in the conference is whether the financial disaster of March 2013 resulted in the economic catastrophe of Cyprus or provided an opportunity for addressing deep-rooted political and economic problems and implementing long-overdue reforms.
Our invited panels of experts analysed the causes of the financial debacle, evaluated the rationale and the impact of the bail-in, discussed the problems and difficulties of implementing the recovery programme, examined the need for economic, institutional, political and social reforms, assessed the potential of the Cyprus economy post-crisis, and proposed policies for improving its long-term prospects.
You can listen to podcasts from each session by clicking on the icons below
Conference Programme
Session 1: Understanding the Bail-In
Chair:
Erik Berglöf, Professor; Director of the Institute of Global Affairs, LSE
The Cyprus Bail-in and the European Banking Union
Daniel Gros, Director, Centre for European Policy Studies (CEPS)
Cyprus: From Boom to Bail-in
Alexander Michaelides, Professor of Finance, Imperial College London
Beliefs, Politics and Currency Unions
Elias Papaioannou, Associate Professor of Economics, London Business School
Session 1 podcast
Session 2: The Challenges of Implementation
Chair:
Vassilis Monastiriotis, Associate Professor in the Political Economy of South East Europe, LSE
Cyprus: Two Years After
Maarten Verwey, Former EU Mission Chief for Cyprus Financial Assistance Programme; Deputy Director General Economic and Financial Affairs, European Commission
Towards a Social Consensus for Reform
Michalis Sarris, Former Cyprus Minister of Finance
The Cyprus MOU - A Banker’s Perspective
Marios Clerides, CEO, Cooperative Central Bank of Cyprus
Session 2 Podcast
Session 3: The Social and Political Reform
Chair:
James Ker-Lindsay, Eurobank EFG Senior Research Fellow on the Politics of South East Europe, LSE
Cyprus: Occupying the Middle Ground
Nicos Peristianis, President of the University of Nicosia
Transparency and Accountability: Civil Society Calls for Reforms
Stavros Zenios, Professor of Finance and Management Science, University of Cyprus; Senior Fellow, The Wharton Financial Institutions Center, USA
Imagining Democracy: Stalemate, Progress and Relapse in the Case of Cyprus
Maria Hadjipavlou, Former Associate Professor, University of Cyprus; Co-founder of the Gender Advisory Team
Session 3 Podcast
Session 4: The Future for Business & the Way Forward
Chair:
Elias Dinenis, Visiting Professor, Hellenic Observatory, LSE
Investing in Cyprus
Libor Krkoška, Head of the European Bank for Reconstruction and Development (Cyprus Office)
Economic Prospects in Cyprus: A Businessman’s Perspective
Tony Yerolemou, Chairman and Managing Director of Cypressa
Effective Management of Cyprus’s Gas Reserves – Towards the Cyprus of Tomorrow
Toula Onoufriou, Professor and Vice Rector, Cyprus University of Technology; President of Cyprus Hydrocarbons Company
Session 4 Podcast
Session 5: Closing Key-Note Speech
Introduction
Rebecca Bryant, A.N. Hadjiyiannis Senior Research Fellow, Hellenic Observatory, LSE
Cyprus: The Way Forward
Sir Christopher Pissarides, Regius Professor of Economics, LSE; Professor of European Studies, University of Cyprus; Head of the Council of National Economy
Key-Note Speech Video
Key-Note Speech Podcast
Photography supplied courtesy of Antonios Fiala A.Fiala@lse.ac.uk