In ancient Athens, the agora was the central location where citizens gathered to hear news, discuss and, later, trade. The agora was the heart of the city’s political, cultural and spiritual life and it gave birth to the Greek word for speaking in public: ἀγορεύω (agorevo). It is this spirit we hope to channel in this section of the website.
Here, the Agora is a public forum for discussing events that are unfolding in Greece and beyond. Contributors to Macropolis, as well as guest posters, share their views on political, economic and other matters, while also offering readers the opportunity to express their opinions. As always, those who fail to respect the sanctity of this forum will not be allowed to share in its benefits.
At first, it looked anything but successful. Both Brussels and Nicosia seemed hopeless, had shot themselves in their feet, steamrollered over taboos, destabilised capital flows - created a mega blunder. Yet the Cyprus Gaffe (or Cyprus Rehearsal, or Cyprus Scare) is successful in having produced one sure effect: To make you sweat and scale down your accounts to less than 100K, then run to find the most secure refuge possible for your (depreciating) savings.
Contributor: Ilias Siakantaris
The head of Greece’s statistics agency, Andreas Georgiou, is to face a criminal inquiry. An ex-employee of the Hellenic Statistical Authority (ELSTAT), Zoe Georganta, has accused him of colluding with the European Union’s statistical arm, Eurostat, to inflate Greece’s deficit figure for 2009, thereby justifying Greece’s EU-IMF bailout, signed in May 2010, and its drastic austerity measures. Georgiou vehemently denies the charges.
Greece has the potential to attain by 2020 a GDP in the region of 330 billion euros and a place in the G20, wrote the editor of a popular weekly newspaper in Greece over the weekend. This would require Greece to miraculously add 150 billion euros to its economy by the end of the decade at the same time as the 20th economy in the G20 experiences a depression similar to the one Greece has gone through in recent years. Leaving this unlikely scenario aside, the tone of the editorial captures the efforts during the festive period to change the narrative of the country’s future prospects.
Contributor: Yiannis Mouzakis
If some of the myths that are perpetuated about the Greek crisis are to be dispelled then it’s vital that we improve our understanding of the factors that contributed to the current economic collapse.
Contributor: Nick Malkoutzis