Tag Archives: Greek economy

This is the English transcript of an interview of S.Mavroudeas for the spanish site EL CONFIDENCIAL (https://www.elconfidencial.com/). Its subject is the state of the EU and the Greek economy. The Spanish translation will appear on the 25th of August 2023. [embedded content] View this document on Scribd

Today I offered my opinion on the state of the Greek economy in a comment for the News programme of PRESS TV (5-7-2020). The video of the interview follows together with its transcript. Η ελληνική μετάφραση του κειμένου ακολουθεί. [embedded content] https://urmedium.com/c/presstv/24265 The Greek economy is a failed economy.Since its accession to the EU it has been de-industrialised and became a service economy, heavily dependent upon tourism. The 2008 global crisis and the subsequent...

I keep reading ridiculous articles about Brexit in the UK Guardian. The latest was comparing it to pre-WWI Britain and suggesting there were no signs of a “Damascene moment remainers hoped for”. I thought that reference was apposite – given the reference invokes St Paul’s conversion after he was struck blind. Good analogy – blind and remainer. The Brexit imbroglio is all the more puzzling because it seems to be a massive mismatch of scale – a currency-issuing nation and an organisation with...

Taken from a short interview with Greece’s Banking News.  Q. According to the IMF, Greece’s debt isn’t manageable in the long-run without being either extended or forgiven. Where do you stand towards this claim? How important is the Greek debt relief? Michael Hudson — On Finance, Real Estate, and the Powers of NeoliberalismGreek debt updateMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research...