Greece: 200 years of Economic Survival
This year Greece is celebrating the Revolution, but at the same time it also marks 200 years of economic survival, making the debate on public debt and lending crucial in relation to the lessons from the past, the present strategies and the vision for the future.
Alba is proud to be the academic partnet of the upcoming Economist event "GREECE: 200 YEARS OF ECONOMIC SURVIVAL" scheduled to take place on April 8th, 2021, providing the background for an open dialogue on interesting aspects of Greece’s contemporary economic and banking history, with useful comparisons and parallelisms between the past and the present during a period of contemplation, especially now in the vortex of the covid-19 pandemic.
According to Dean Kostas Axarloglou, who will share his views during the panel discussion 'Greek Public Debt: A tale of two centuries' , “ In modern history of Greece in most of the cases the ballooning of public debt, and the fiscal default that followed, was the result of a major disruption in the country: to finance the Greek Revolution (1826), to build an army and infrastructure (1893) to manage the refugee inflows from Asia Minor and the Great Depression (1932). The COVID-19 pandemic has boosted again public debt, the result of an effort to support the society in managing the pandemic. The way forward in making the public debt sustainable is a new production model for the country that will bring it in a sustainable growth trajectory. And now is the time!”
