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PressTV Greek banks to reopen, cash limits in place 19 7 2015

Stavros Mavroudeas July 19, 2015 Stavros Mavroudeas Blog

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Summary:
In an exclusive interview with Press TV on Sunday, Stavros Mavroudeas, a professor of political economy at the University of Macedonia in Greece, said, “Capital controls on Greece have created serious economic and political problems. Economic losses are estimated at more than 3 billion euros for the Greek economy.” Mavroudeas added, “The political problems are ...

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In an exclusive interview with Press TV on Sunday, Stavros Mavroudeas, a professor of political economy at the University of Macedonia in Greece, said, “Capital controls on Greece have created serious economic and political problems. Economic losses are estimated at more than 3 billion euros for the Greek economy.”



Mavroudeas added, “The political problems are even more severe. The EU imposed capital controls on Greek banking sector in a blatant imperialist intervention… It obliged Greece to adopt capital controls in order to quest the Greek electorate to vote for ‘Yes’ in the last referendum. That is to vote for submitting fro capitulating to the demands of the EU.”



“The political blackmail backfired as the vast majority of the people voted for ‘No’ in the referendum. However, immediately afterwards, Syriza reneged on the referendum, and accepted a third troika austerity program,” he pointed out.



http://www.presstv.ir/Detail/2015/07/19/420892/Greece-banks-shutdown-debt-crisis



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About Stavros Mavroudeas
Stavros Mavroudeas
He is currently Professor of Political Economy at the Department of Social Policy of Panteion University. He was previously Professor of Political Economy at the Department of Economics of the University of Macedonia. He studied at the Economics Department of the National Kapodistriakon University of Athens, from where he received his BA Economics (1985 - First Class Honours).
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