Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Palaiologos’

Requiem for the Loony Left

Posted by hkarner - 9. Oktober 2015

Zoe Konstantopoulou casts her vote in the September 20 Greek election — but she failed to get reelected |

The former Greek speaker claims to seek the truth, but she is destined for the wilderness.

This weekend saw the swearing-in of Greece’s new parliament and the election of the new speaker of the house, Nikos Voutsis, a Syriza elder and loyal associate of the prime minister, Alexis Tsipras. At the same time, the pompously named Greek Debt Truth Commission, led by the outgoing speaker Zoe Konstantopoulou, delivered the findings of its investigation on the origins of the country’s debt problem. Predictably, it found that Greece’s debts were “illegitimate, illegal and odious.”

Konstantopoulou, who has failed in her bid to be reelected as an MP, called a four-day session of the Truth Commission just after the September 20 election, in a desperate bid to remain in the spotlight for a little bit longer. 

She had even pre-announced that she would call on Yanis Varoufakis, the mercifully departed finance minister, to appear, in order to explain how the country was led to sign a third bailout agreement. The public sessions were broadcast on the television channel of the parliament. Den Rest des Beitrags lesen »

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Beware of American econ professors!

Posted by hkarner - 11. August 2015

 SachsKrugman_BBF_2010_Shankbone ccStiglitz
Jeffrey Sachs, Paul Krugman, and Joseph Stiglitz (left to right) |

 

 

 

 

letter from greece

How Krugman, Sachs and Stiglitz led the Greeks astray.

ATHENS — Since Alexis Tsipras made the difficult but responsible choice of arriving at a compromise with Greece’s creditors in mid-July, preventing an outcome that would have led his country out of the euro, a number of revelations have highlighted the radical nature of the proponents of rupture in his inner circle.

In countless public utterances and interviews since his resignation, former finance minister Yanis Varoufakis has spoken of how he urged the prime minister to authorize the issue of a parallel currency, to declare that Athens would default on €3.5 billion in Greek government bonds owed to the ECB on July 20 and to seize control of the Bank of Greece. Such an aggressive move would have led inevitably to the introduction of a new currency. Den Rest des Beitrags lesen »

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