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Article
Publication date: 7 January 2014

Politicians, political parties' funding in Greece and anti-money laundering regulatory framework

Spyridon Repousis

The purpose of this paper is to examine politically exposed persons and major Greek political parties' funding sources as well as the anti-money laundering regulatory…

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Abstract

Purpose

The purpose of this paper is to examine politically exposed persons and major Greek political parties' funding sources as well as the anti-money laundering regulatory framework for political parties' funding sources.

Design/methodology/approach

This paper aimed at investigating data about Greek political parties' funding by identifying new problems and developing solutions.

Findings

The main findings are that Greek political parties' major sources of revenues are public subsidies and bank loans. Also, data show that two major Greek political parties cannot easily repay their bank loans (especially PASOK) and must renegotiate terms with banks and must agree for a new, long-term and lower payment schedule at a lower interest rate. Extending the period of repayment is necessary for viability of debts, and banks will protect themselves against default and total losses of about 253.1 million euros from the two major political parties. Public subsidies are the only collateral that Greek political parties offer to banks.

Practical implications

As a result of research, structural changes are necessary to immediately be made in order to cope with politically exposed persons and political parties' corruption and funding in Greece, especially during the current fiscal crises. Greek political parties need to raise funds from other sources than only public subsidies. Anti-Money Laundering Regulatory Framework have to stop conduit contributions and force banks to apply Know Your Client Principle for donors. Also, to include on Suspicious Activity Report a checkbox of “Political Finance Violations”. Establishing a code of conduct informing employees of the risks and subsequences of political corruption, creating a culture of honesty and high ethics and implementing Controlled Foreign Corporation legislation to cope with corruption in political parties' funding can help to recover ill-gotten assets. Finally, implementing Business Principles for Countering Bribery and UK Bribery Act will increase transparency in funding of Greek political parties.

Originality/value

The paper examines corruption and funding sources of Greek political parties, especially during the period 2009-2011, suggesting policy measures to deter and detect money laundering and illegal funding to politically exposed persons and political parties. Findings offer important measures for political analysts, government and society as a whole. A stable political system is prerequisite for a healthy society and for economic growth.

Details

Journal of Money Laundering Control, vol. 17 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/JMLC-07-2013-0027
ISSN: 1368-5201

Keywords

  • Money laundering
  • Political funding
  • Political parties

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Book part
Publication date: 10 September 2020

Setting Limits to the Debate: The Interaction between the Structures of Politics, the Economy and the Press

Christos Kostopoulos

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Journalism and Austerity
Type: Book
DOI: https://doi.org/10.1108/978-1-83909-416-320201006
ISBN: 978-1-83909-417-0

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Book part
Publication date: 22 October 2020

The Rise of SYRIZA in Greece 2009–2015: The Digital Battlefield

Nikos Smyrnaios and Athina Karatzogianni

This chapter explains how SYRIZA managed to build international support up to the January 2015 election with very limited resources, and against mainstream coverage, by…

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This chapter explains how SYRIZA managed to build international support up to the January 2015 election with very limited resources, and against mainstream coverage, by relying essentially on grassroots movements and social media. It also shows how, approaching to power, SYRIZA's political, but also communication strategy, became more institutionalised and relied less on grassroots campaigning. Methodologically, our research is based on the following research techniques: First, interviews with activists and members of the party as well as observations inside its social media team. Second, the study of online content and data from 2006 to 2015. Overall, this chapter shows that SYRIZA's campaign on the Internet relied mainly on alternative media activists who acquired a specific savoir faire and developed international networks during the intense antiausterity social movement that took place in Greece between 2010 and 2013. The campaign was also supported by young experts from the private sector that contributed on a voluntary basis. Nevertheless, its success was mainly due to the European political context and the opportunities it offered to the radical Left, rather than the communication strategy, which in any case suffered from a lack of means and from a somewhat chaotic (non) organisation.

Details

The Emerald Handbook of Digital Media in Greece
Type: Book
DOI: https://doi.org/10.1108/978-1-83982-400-520201055
ISBN: 978-1-83982-401-2

Keywords

  • Digital media
  • Greek political parties
  • Greek crisis
  • social media campaigning
  • digital politics
  • elections

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Article
Publication date: 1 January 1985

GREECE AND ITS RELATIONS WITH THE WEST: A CASE STUDY OF INTERNATIONAL CONFLICT

Betty A. Dobratz

Papandreou and the Pan‐Hellenic Socialist Movement (PASOK) are committed to bring about change in Greek society, but they must decide how much change, and how quickly that…

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Papandreou and the Pan‐Hellenic Socialist Movement (PASOK) are committed to bring about change in Greek society, but they must decide how much change, and how quickly that can be accomplished without hindering the party's chances for electoral victory. Data drawn from two separate surveys covering, respectively, relevance of three types of issues (foreign policy, civil liberties and economic policy) on the voting of Greeks, and Greek attitudes towards EEC membership/unification of Western Europe, suggest that the leftist parties in Greece are supported in large part by those who do not favour strong ties with the West. The influence of the US inside Greece cannot be easily limited, and successful pursuit of an interdependent and multidimensional foreign policy, limiting Greece's dependence on the West (especially the USA) is not easy to achieve. Papandreou faces problems from the right, who do not favour his measures of change, and from the extreme left, who feel he is reneging on promises; he needs to maintain his electoral support while at the same time trying to limit international conflict.

Details

International Journal of Sociology and Social Policy, vol. 5 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/eb012975
ISSN: 0144-333X

Keywords

  • Conflict
  • EEC
  • Greece
  • International relations

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Book part
Publication date: 22 October 2020

Visual Self-presentation Strategies of Greek Political Leaders through Their YouTube Political Advertisements for the 2019 EU Elections

Anastasia Veneti and Petros Ioannidis

Drawing on the theoretical framework of Grabe and Bucy (2009), this chapter presents the findings of an exploratory study concerning the visual self-presentation…

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Drawing on the theoretical framework of Grabe and Bucy (2009), this chapter presents the findings of an exploratory study concerning the visual self-presentation strategies that the political leaders of the two main political parties in Greece (Syriza and New Democracy) employed in their political adverts on YouTube during the campaign for the 2019 European Parliamentary elections. The findings illustrate that, despite the fact that both leaders made equal use of the two master frames, of the ideal candidate and the populist campaigner, their visual strategies differed in the emphasis given to the various subdimensions of the visual framework. Both leaders attempted to project a public persona characterised by ordinariness and professionalism. Tsipras used a series of spots through which he sought to both ‘renew’ his relationship with the electorate and reinforce perceptions of his statesmanship as a widely respected political leader. Mitsotakis' visual strategy was primarily based on building a more relatable image and strengthening his leadership profile, as well as the frequent use of patriotic symbols.

Details

The Emerald Handbook of Digital Media in Greece
Type: Book
DOI: https://doi.org/10.1108/978-1-83982-400-520201064
ISBN: 978-1-83982-401-2

Keywords

  • Visual self-presentation strategies
  • YouTube political advertisements
  • 2019 EU elections
  • political leaders
  • Greece
  • political campaigns

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Book part
Publication date: 22 October 2020

The Greek Political Leaders on Instagram: Comparing Instagram Activity during Electoral and Non-electoral Periods

Stamatis Poulakidakos

Through social media communities, politicians communicate personal or even private information and seek to take advantage of the possibilities to connect with both…

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Through social media communities, politicians communicate personal or even private information and seek to take advantage of the possibilities to connect with both influential personalities and ordinary people. Politicians' Instagram use can be understood as a way of producing visual flows of professional, personal and private practices.

The current research seeks to compare the ways in which the leaders of the three major political parties in Greece (New Democracy, SYRIZA and KINAL) form their ‘image’ through their Instagram posts during a multiple consecutive elections (pre-)electoral period (2019 European, Prefectural/Municipal and general elections) and a nonelectoral period (2018), in order to trace similarities and differences in the communication strategies of the abovementioned politicians during these periods. Among others, politicians post private aspects of their lives during both periods; they focus predominantly on the formation of a positive self-image, instead of attacking their political opponents and increase the number of personal images during the (pre-)electoral period of our study.

Details

The Emerald Handbook of Digital Media in Greece
Type: Book
DOI: https://doi.org/10.1108/978-1-83982-400-520201056
ISBN: 978-1-83982-401-2

Keywords

  • Instagram
  • personalisation
  • politicians
  • elections
  • Greece
  • privatisation

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Article
Publication date: 4 April 2016

Union militancy during economic hardship: The strike at the Greek steel company “Hellenic Halyvourgia”

Giorgos Bithymitris

This paper examines the preconditions of the strike at the Greek steel company Hellenic Halyvourgia (HH) which started on 1 November 2011 and ended on 28 July 2012. The…

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Abstract

Purpose

This paper examines the preconditions of the strike at the Greek steel company Hellenic Halyvourgia (HH) which started on 1 November 2011 and ended on 28 July 2012. The purpose of this paper is to contribute to the understanding of current labour disputes in the context of economic crisis focusing on previous developments of mobilisation theory and social movement literature. The overall aim is to highlight the linkages between trade unions and society when a broader sense of injustice comes to the fore.

Design/methodology/approach

Qualitative methods were employed in order to contextualise the strike events and examine the preconditions of the occurrence and the volume of the strike. Semistructured interviews, field notes, interviews taken by the media, documentaries, chronicles and articles, constructed the main body of empirical material.

Findings

The HH case indicates that certain collective identities and leadership qualities account for high mobilisation potential with spillover effects which are in turn conditioned upon the situation of the strikers’ allies. Although there was an agency to transform the sense of injustice into collective action, the framing processes employed by the union did not have the kind of impact that would render state and management’s responses ineffective, as the strike message did not eventually penetrate other industries or even the rest factories of the HH.

Originality/value

The present paper goes beyond the general description of the social turmoil during the Greek crisis by showing the critical bonds that were established through framing and identity-building processes among the strikers and the anti-austerity protesters in Greece and abroad.

Details

Employee Relations, vol. 38 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/ER-11-2014-0132
ISSN: 0142-5455

Keywords

  • Leadership
  • Crisis
  • Trade unions
  • Injustice
  • Strikes

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Article
Publication date: 1 September 2007

Exploring the Greek national business system: Towards a modernization agenda

Alexandros G. Psychogios and Leslie T. Szamosi

This paper seeks to explore the Greek National Business System (NBS) in terms of management practices, organizational culture and public administration. Moreover, the need…

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Purpose

This paper seeks to explore the Greek National Business System (NBS) in terms of management practices, organizational culture and public administration. Moreover, the need for modernization is analyzed with focus on total quality management (TQM) as the major issue on this agenda.

Design/methodology/approach

This study utilizes a critical literature review approach to draw together and conceptualize the modernization agenda of the Greek NBS.

Findings

This paper supports the idea that there is a need to put promising management practices into the context of the Greek national business system and to study not only the market situation, the industrial relations history and the HR practices used, but also how these practices are understood and used by managers and employees who work in different employment sectors.

Practical implications

The findings of this study may have a broader impact as Greece attempts to redefine itself as a hub for South‐East Europe.

Originality/value

Since most academic studies concerning the application of promising management strategies like TQM have been conducted in Anglo‐Saxon countries, there is a need to remove the blinkers and explore these management initiatives in the context of other than Anglo‐Saxon NBSs.

Details

EuroMed Journal of Business, vol. 2 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/14502190710749929
ISSN: 1450-2194

Keywords

  • Public administration
  • Business policy
  • Organizational culture
  • Greece

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Book part
Publication date: 14 December 2004

CHANGING RACIAL CONCEPTUALIZATIONS: GREEK AMERICANS IN NEW YORK CITY

Anna Karpathakis and Victor Roudometof

The chapter relies on a variety of methods to trace the development of changing racial ideologies among Greeks. The methodologies used include: (1) historical secondary…

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The chapter relies on a variety of methods to trace the development of changing racial ideologies among Greeks. The methodologies used include: (1) historical secondary sources; (2) one hundred and ten interviews (of both immigrants and Greeks in Greece, with interviewees varying in age from 19 to 74); and (3) content analysis of poems, popular songs and electronic discussion groups. The primary aim of selecting the data was to understand the changing nature of racial classifications themselves rather than to measure rates and pervasiveness.

Details

Race and Ethnicity in New York City
Type: Book
DOI: https://doi.org/10.1016/S1047-0042(04)07012-6
ISBN: 978-0-76231-149-1

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Book part
Publication date: 22 October 2020

The Greek Media at the Intersection of the Financial Crisis and the Digital Disruption

Stylianos Papathanassopoulos

Greece provides another, although timid, example of how financial crisis and the technological advancements have affected national media systems. In the media sector, the…

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Greece provides another, although timid, example of how financial crisis and the technological advancements have affected national media systems. In the media sector, the recent financial crisis brought major losses of advertising revenues, while telecommunication companies have entered the field providing the Greeks with triple play services at lower rates. But in one way or another, the main players have remained the same. This chapter aims to describe the new conditions in the Greek media sector and to highlight the consequences of the fiscal crisis in terms of sales, profit losses, decreased advertising spending, salaries and emerging costs. It will also attempt to document that although important players in the field lost power, although media changed hands, the majority of media owners still come from other sectors of the economy, principally in shipping, energy, constructions and sports.

Details

The Emerald Handbook of Digital Media in Greece
Type: Book
DOI: https://doi.org/10.1108/978-1-83982-400-520201029
ISBN: 978-1-83982-401-2

Keywords

  • Financial crisis
  • digital transformation
  • media investments
  • advertising expenditure
  • interdependence
  • mainstream media owners
  • digital-born media owners telecommunications

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