Getting to Yes – on the brink in Greece
“People only accept change in necessity and see necessity only in crisis.”
This weekend Greeks vote in a referendum whose outcome could have dramatic consequences for their country. Polls show that the result is on a knife-edge. Every vote counts. The stakes for Greece could not be higher.
Please find the full ESI newsletter on the Greek Referendum here:
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ESI Paper: The good news from Greece – Can Thessaloniki point the way? – January 2015
Rumeli Observer: After Syriza fails … the Greek speech Europe needs to hear (June 2015)
Rumeli Observer: Cosmopolitan visionary – Boutaris and Thessaloniki (12 October 2014)
Ricardo Hausmann, “Austerity is not Greece’s Problem”, Project Syndicate, 3 March 2015:
“The truth is that the recession in Greece has little to do with an excessive debt burden. Until 2014, the country did not pay, in net terms, a single euro in interest: it borrowed enough from official sources at subsidized rates to pay 100% of its interest bill and then some. This situation supposedly changed a bit in 2014, the first year that the country made a small contribution to its interest bill, having run a primary surplus of barely 0.8% of GDP (or 0.5% of its debt of 170% of GDP).
To watch “One Step Ahead” (on the 2010 Thessaloniki elections) go here.