Tuesday, February 21, 2012

"Greece Should default on its debt and leave the Euro" - Debate

Nouriel Roubini has arrived in Greece to take part in a debate tonight where the question will be asked "Greece Should default on its debt and leave the Euro".

This statement has been on the lips of many economists and politicians since the beginning of the crisis. It has brought together Euroskeptics and Euro-Unionists. That Greece must leave to save the Euro and that Greece must leave to end the Euro experiment. Its enough to throw ones hands up into the air, sigh and go out for a drink - if only they hadn't raised VAT so high denying us of this small pleasure.

Debating for the affirmative will be well known economic celebrity Nouriel Roubini and Costas Lapavitsas.

Debating for the negative will be Denis Mac Shane and local economics truth teller, Miranda Xafa.

The debate moderator will be Zeinab Badawi of the BBC.

Though a Marxist-Leninist, by all accounts Costas Lapavitsas is someone that you can talk to and is open to dialogue so he should be interesting to listen to. Of course the communist party here in Greece is all for Greece leaving the Euro and that Greece should default, and withdraw from the capitalist system and has praised the North Korean utopia.

Miranda Xafa worked in the IMF during its most turbulent times from 1980 to 1990 and again in 2004 to 2009. She is well known for her blunt talk and saying the truth. In February 2011 she caused an uproar when she stated that "In order to get the country out of the Memorandum, the government and opposition should leave the doubletalk and come to a national agreement to end the crisis." Months later....

So the debate should be interesting to follow. If you won't be able to make it, Business File will be there and hope to report back on the events.

No comments:

Post a Comment