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The 2010 HO Annual Lecture

in Association with APCO Worldwide

                                                       Greece is Changing

Dr George Papaconstantinou,
then Minister of Finance, Greece


Date  Monday, 8 November 2010
Time 18:30 - 20:00
Venue Sheikh Zayed Theatre, New Academic Building, LSE
Chair Professor Kevin Featherstone, Hellenic Observatory Director

The Annual Lecture of the LSE's Hellenic Observatory for 2010 saw Dr George Papaconstantinou participate in a dialogue on the theme 'Greece is Changing'.

There had been an intense interest in the event beforehand, with more than 400 tickets being booked on-line in less than 30 minutes.

The Minister of Finance began with a short presentation outlining the government's response to the emerging sovereign debt crisis of 2009-10.

There were 3 main lessons for Greece from the crisis:

  1. If you don't adapt, things catch up with you.
  2. Time or delay costs money.
  3. Stop-gap measures are insufficient: substantive and permanent measures are needed.

These were lessons for Greece, but they also related to the European Union level as well. The governance of the Euro-Zone needed to respond to the new conditions evident in the crisis.

Following his presentation, the Observatory's Director Professor Kevin Featherstone, put a number of questions to the Minister that had been submitted in advance by LSE students.

There then followed an extensive dialogue with questions form the audience:

  • Had he manipulated the fiscal data?
  • What measures were being taken to avoid a brain-drain of talent from Greece?
  • And to tackle tax evasion?
  • What were the risks of deepening the recession by related austerity measures?
  • Had Germany's approach worsened the crisis?

Press Coverage: Ant1 TV, Bloomberg,, Dow Jones Deutschland, ERT TV,, Kathimerini Newspaper, SKAI TV, To Vima Newspaper


                                                             EVENT PHOTOS 

  From left to right: Professor Kevin Featherstone;
H.E. Ambassador Aristidis Sandis; LSE Deputy Director Stuart Corbridge;
Minister George Papaconstantinou; Dr Spyros Economides
& Dr Vassilis Monastiriotis


Minister George Papaconstantinou


Professor Featherstone (right) welcoming the Minister


Minister Papaconstantinou delivering his speech 





click the icon
for the event's video