Euro-Crisis and Greece
Organised by the Hellenic Observatory and the Hellenic Bankers Association-UK
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Date
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Wednesday, 20 March 2013
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Time
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18:30 - 20:00
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Venue
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Sheikh Zayed Theatre, New Academic Building, LSE
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Welcome
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Mr Stratos Chatzigiannis, Vice-Chairman of the Board of Hellenic Bankers Association-UK & Investment Director, NBGI Private Equity Ltd
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Chair
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Professor Kevin Featherstone, Hellenic Observatory Director, LSE;
Eleftherios Venizelos Professor of Contemporary Greek Studies & Professor of European Politics
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In a lively exchange of views, Professor Charles Goodhart (Emeritus Professor of Banking & Finance; Director, Financial Regulation Research Programme, LSE) argued that the Greek situation was somewhat akin to a frog being scolded in hot water, but that to get out (of the euro) would be even worse.
Dr Daniel Gros (Director, Centre for European Policy Studies, Brussels) argued that the depth of recession and a crisis exit depends on export growth. Indeed, the underlying problem for Greece was ‘an extraordinarily bad export performance’, worse than that achieved by other bailout countries (presentation).
Professor Michael Haliassos (Chair for Macroeconomics and Finance, Goethe University Frankfurt; Director, Center for Financial Studies, Frankfurt) reviewed the strategic options for the euro-zone in relation to Greece and argued that there should be a shift of focus from ‘who pays?’ to ‘who earns?’. That is, it is in the interests of both Greece and her partners that the strategy should be one of boosting her productive and export potential (presentation).
The panellists answered questions from the audience and a reception with participants followed.
EVENT PHOTOS
From left to right:
Professor Kevin Featherstone, Dr Daniel Gros, Professor Charles Goodhart,
Professor Michael Haliassos, Mr Stratos Chatzigiannis & Dr Spyros Economides
The Panel with Professor Featherstone
Dr Daniel Gros
Professor Charles Goodhart
Professor Michael Haliassos
Part of the audience in the Sheikh Zayed Theatre