Skip to main content

A plan for Greece to exit the euro currency

February 15, 2017 - Athens


On February 15 in Athens, the European Research Network on Social and Economic Policy (EReNSEP) will present substantiated proposals for a possible change of course in Greece. A change that may take the country out of its current economic path of death, as long as there is will and specific strategy.

A campaign of exaggeration and fear exercised by various Greek and foreign centers of power, had grown the perception that "rescue" programs is the one-way solution for Greece. The complete turn of SYRIZA on summer 2015, allowed the old political system and the dominant circles to claim that it has been "proved" that there no option other than the memorandums.

In the EReNSEP study it is highlighted that there is another course, which is necessary for the country. Such a course presupposes that Greece will regain currency sovereignty. The short-term problems expected to arise due to the exit from the eurozone can be handled, as long as there is a minimum planning, preparation and determination.

Specifically, a process for the exit of Greece from the eurozone is described analytically, towards an overall reshaping of the economic and social policies. In short-term, the country needs to boost demand with the sector of services at the epicenter. In mid-term, it needs an industrial policy for growth, creation of jobs and rise of income.

Specifically, in the study:

  • The necessary steps that Greece must take for the purpose of minimizing the cost of retaking the currency sovereignty, are described.

  • The most significant implications, including inflation, are analyzed.

  • The perspective of the change of fiscal policy for the reduction of unemployment, is analyzed.

  • The basic factors of industrial policy in connection with the agricultural sector for the transition of the country into a situation of viable growth, are examined.

  • The course of the labor market through the deregulation of the labor affairs, the rise of unemployment and part-time jobs, is described.

  • The international position of the Greek economy, imports-exports and mostly the outflows abroad, are analyzed.

Speakers:

  • Costas Lapavitsas, Professor of Economics at the School of Oriental and African Studies, University of London

  • Theodore Mariolis, Professor of Political Economy in the Department of Public Administration at Panteion University of Social and Political Sciences in Athens, Greece

  • Constantinos Gavrielides, Regional Councilor in the Regional Council of Western Greece and member of the Economic Committee of the Region of Western Greece

  • Stefano Fassina, Economist and politician, member of the Chamber of Deputies and former member of the Italian Democratic Party

  • Sergi Cutillas, Economist researcher at Ekona Research Center, member of the Observatory on Debt in Globalization and activist in the Plataform for a Citizen Audit of the Debt (PACD)

Source:

Comments

  1. Unknown10/2/17 17:58

    Lapavitsas? Forget it.
    He is a secret Euro-Fanatic.
    The QUESTION IS. Is the Debt Legal? Is he in favour of paying it at the expense of the Greek Nation???
    I expect answers.

    ReplyDelete

Post a Comment

Popular posts from this blog

Capitalism & Genocide - Yanis Varoufakis Speech at the Gaza Tribunal, 23rd October 2025, Istanbul

Yanis Varoufakis   On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide. 
Post a Comment
Read more

This Is Why Iran Will DEFEAT The United States & Israel!

The Jimmy Dore Show    
Post a Comment
Read more

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...
7 comments
Read more

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...
Post a Comment
Read more

Trump Talks COLLAPSE SPECTACULARLY As Iran REFUSES DEMANDS & HUMILIATES HIM Again & Again!!

Secular Talk    
Post a Comment
Read more

Greeks BLOCK Israelis From Entering Their Country

Revolutionary Change   In a continuing worldwide trend, Greeks are now attempting to block Israelis from entering their country amid them attempting to flee the consequences of their actions. Peter Hager delves into this recent trend.
Post a Comment
Read more

Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire

US leaders anticipated a walkover. Now they’re embroiled in a conflict that could hasten the end of US economic dominance  by Larry Elliott   Nobody gave the Boers a prayer when the war in South Africa began in 1899. It was farmers ranged against the might of the British empire, and the expectation was that resistance would quickly crumble. Eventually, might did prevail. Britain won the Boer war, but it was a hollow victory that took the best part of three years to achieve and came at a high cost. The blow to British prestige – coming at a time when its global hegemony was under threat from fast-growing countries such as the US – was severe. Far from highlighting the extent of Britain’s power, it exposed its limitations. A century and a quarter later, the US risks being embroiled in its equivalent of the Boer war. What should have been a walkover threatens to become a prolonged conflict. The Iranians are using guerrilla tactics, just as the Boers did, with much success. There ...
Post a Comment
Read more

Joe Biden threatens to slap Detroit autoworker in the face

Christo Aivalis Just hours before Joe Biden and Bernie Sanders compete in the 2020 Michigan Primary, Joe Biden was meeting with a Detroit autoworker when the they got into a discussion about "AR-14" and the second amendment.  At one point, Joe Biden put his finger in the man's face and said that he would slap him in the face. Whatever you think of this man and his viewpoints, this was unacceptable behavior from Joe Biden, and a clear indication that he is not fit to serve as president and be the democratic nominee. Especially because Bernie Sanders has shown you can win over conservative voters without these ugly acts.
Post a Comment
Read more

The dominant elite ready to break the "social contract"

Hyper-automation will allow the super-rich to “get rid” of the rest by system failure Since the French revolution and the new form of the urban states-democracies, the ruling class had to make the so-called "social contract" with the majority. From the moment that the dominant urban class took the power from feudalism and monarchy, should had to find a way to protect the means of production and the labor force. Therefore, the ethnic consciousness in each state served to bound the majority in order to shape national armies to protect the ruling class interests. In exchange, the ruling urban class had given the so-called social state, labor rights, etc., through the nation-state as a carrier and guarantor for all these benefits for the middle and lower classes. Since then, there have been a lot of battles and the majority managed to conquer some benefits. At the start of 20th century, the technology progress had brought the mass production. Western s...
14 comments
Read more

Billionaires are social distancing in super yachts as tens of millions lose jobs

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest. Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks. But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies.  And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they position themselves to ...
Post a Comment
Read more