All News on Economics in Greece
By Yannis Magriotis
Our country over the past decades had impressive growth in many sectors and transcended the dark shadows of the pre-WWII and post-Civil War eras.
It became a member of Western European institutions of security and development and it approached many sides of the democratic and developed world.
We have seen "holistic plans" for the economy before, but never such thorough plans.
Most of the points raised in the so-called Pissarides Report on a long-term growth strategy for Greece (named after Cypriot Nobel Laureate Sir Christopher Pissarides who chaired the committee of experts that authored it) have been common knowledge for years.
The vision of a new Greece as encapsulated in the 244-page action plan drafted by the committee of experts led by Nobel Laureate Sir Christopher Pissarides foresees across-the-board reforms to all sectors so as to ensure the development of the economy in a way that will lead to an increase in per capita income, strengthen social cohesion and improve the country's environmental performance.
Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.
He viewed this prospect as an attractive solution for Greece's economic problems.
Dear Mr. Stiglitz,
It was an unpleasant surprise to hear that you participated along with other US academics in preparing a plan for Greece to exit the euro in 2015. The feeling was even harder, since you still believe that it was "carefully set" and seem rather disappointed for not finally implemented.
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