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The economic challenges for the new Greek government

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l to r: Professor Sir Christopher Pissarides, Prof. George Alogoskoufis and Prof. Vassilis Monastiriotis.

What a timely event that was given the circumstances in Greece, Europe and Planet Ocean at large at the Sheikh Zayed Theatre, LSE Campus in central London organised by the Hellenic Observatory earlier on tonight.

Professor Sir Christopher Pissarides* (LSE) with discussant Prof. George Alogoskoufis (Athens University of Economics & Business), former minister of National Economy of Greece in the Costas A. Karamanlis’ cabinet. The event was chaired by Professor Vassilis Monastiriotis (LSE).

Professor Pissarides reviewed the performance implementaion of his team’s 2020 report in Greece. One of his well construed slides was saying “In November 2020, our committee (Pissarides, chair, Maghir, Vayanos, Vettas, deputy chair) presented to the Greek Government our report A Growth Strategy for the Greek Economy”
a big question / point was: “How much has been achieved, and are there any new challenges faced by the newly-elected government?”

One of the slides under the title “GDP (vol) per capita PPS, 2022 (source: Eurostat) was showing that Greece was still worse than Romania

Other slides were on the Environment, “Environment: disappointing”, Education, “Education: poor in practice”, Public Sector: “Public Secor: disappointing”; a glimpse of a plus on Agriculture where “Agricultural exports and imports both increased considerably, but at least until 2022 there was still a deficit”…

In conclusion, slide with Conclusions here below is self explanatory…

Many London Greeks attended, from the Shipping Fraternity too, including the president of the HESGB, Dimitris N. Monioudis.

All in all, as they say: Pissarides spells it out.
Will revert with an update soon. Watch this space!

With thanks to “Our man in Habana” for his pictures and support – as always.

P.S. Let’s see how the Greek Government tackles the wildfire and flooding which will take at least ten years to come back to “normal”, hence this event was more than timely!

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*In 2010, he was awarded the Nobel Prize in Economics, jointly with Peter A. Diamond and Dale Mortensen, “for their analysis of markets with theory of search frictions.

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