Latest update: 16/06/2011 

- Economic crisis - eurozone - George Papandreou - Greece - strike


Greek crisis, the contagion (part 2)

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Between Athens, Berlin, and Brussels, there’s plenty of blame to go around for the debt crisis that’s got all of Europe on tenterhooks. François Picard’s panel argues over how much the private sector should pay...and whether Greece would be better off outside the eurozone.

DEBATE
  • Julia CAGE. Economist at Harvard University and Paris School of Economics - Terra Nova.
  • Philippe d’ARVISENET. Associate Professor of Economics at Paris University - La Sorbonne.
  • Yanis VAROUFAKIS. Professor of Economic Theory, Athens University (from Athens).
  • Prof. Dr. Markus C. Kerber. Professor of Political Economy, Technische Universität (from Berlin).

Watch the first part.

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Comments (1)

The Greek Contagion

by Anonyme - 21/06/2011 - 18:17

The Greek credit crisis is not an economic problem... it is a public problem. Prof Kerber wants team players as long as they play his game. This has been Greece's problem since its inception in 1821. It has been governed according to the terms set by foreign banks ever since they lent Greece funds to fight its war of independence. Public problems are dealt with in a community by deciding who forfeits some of their private interests for the good of the community as a whole. Would the German government say to its unemployed "We are going to impose austerity measures on you so that you can address your economic problems"? Public problems are solved when those who are in a position to help the community forfeit what they have for the good of the collective.

Steven Liaros
www.polisplan.com.au

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