A New Economic Plan for Greece: what future?
Greece has come through a major debt crisis, with austerity imposed by its ‘bailout’ programmes. It now has to manage the COVID-19 impact. So, what now? How can it chart a way forward to a stronger economic future? The committee chaired by Professor Sir Christopher Pissarides was tasked by the PM with developing a plan for sustainable economic growth in Greece. Here, Professor Pissarides will outline the main elements of the plan and Louka Katseli and Michael Haliassos will give their comments.
Sir Christopher Pissarides is the 2010 Nobel Prize laureate in economics. He holds the Regius Chair of Economics at the London School of Economics and Political Science and the Chair of European Studies at the University of Cyprus. He is a macroeconomist who specialises in the economics of labour markets, economic growth and structural change, especially as they relate to obstacles to free-market clearing. In the last decade he has worked extensively on the employment implications of automation and artificial intelligence and on the emergence of China as a global economic power. He has written several books and contributed extensively to professional journals, magazines and the press. He has received several prizes, awards and prestigious Academy fellowships for his work, including the Grand Cross of the Republic of Cyprus and a knighthood from Queen Elizabeth II.
Michael Haliassos holds the Chair of Macroeconomics and Finance, Goethe University Frankfurt, is Director of the CEPR Network on Household Finance, and advisor to the ECB. He is Fellow of CEPR and NETSPAR, and Board Member of IMFS and of the Think Forward Initiative. Professor Haliassos studied Economics at Cambridge, obtained his PhD at Yale, and is among the early researchers in household finance. He has been Director of the Center for Financial Studies (2010-15), co-editor of Greek Economists for Reform (2010-18), and member of the Economic Policy board (2010-11) and of the Greek National Council on Research and Technology (ESET, 2010-13).
Louka T. Katseli is Professor Emeritus of International Economics and Development, Department of Economics of the National Kapodistrian University of Athens (1987 -), Chair of the Board of Directors of the National Bank of Greece in Cyprus, (11/2015 - ) and CEO of the Rightholders Cooperative EDEM. She is also Vice-Chair of the Executive Board and Chair of the Finance & Human Resources Committee of the African Capacity Building Foundation (ACBF), and Co-chair (with Poul N. Rasmussen) of the Independent Commission for Sustainable Equality, Progressive Alliance of Socialists and Democrats - S&D, (Progressive Society). She has served as Chair of the Board of Directors of the National Bank of Greece (3/15 – 11/16) and Chair of the Hellenic Banking Association (4/15 – 11/16). She was Greece’s Minister of Labor and Social Security (2010 - 2011), Minister of Economy, Competitiveness and Shipping (2009-2010) and a member of the Hellenic Parliament (2007-2012).
Dr Vassili G. Apostolopoulos is the CEO of Athens Medical Group and the President of the Hellenic Entrepreneurs Association (EENE).
Kevin Featherstone is Eleftherios Venizelos Professor in Contemporary Greek Studies and Professor in European Politics and the Director of the Hellenic Observatory.
The twitter Hashtag for this event is: #LSEGreece
The Hellenic Observatory (@HO_LSE) is internationally recognised as one of the premier research centres on contemporary Greece and Cyprus. It engages in a range of activities, including developing and supporting academic and policy-related research; organisation of conferences, seminars and workshops; academic exchange through visiting fellowships and internships; as well as teaching at the graduate level through LSE's European Institute.
The Hellenic Association of Entrepreneurs was established in Athens in 1987 and consists of a significant number of more than 100 dynamic Greek entrepreneurs who are active and key players in the Greek and international market in a wide range of important industries. Its principal aim is to support and foster entrepreneurship in Greece through constructive dialogue and engagement with: the country’s political leaders, the society, the growing community of young and startup entrepreneurs, as well as significant opinion makers.