I’m carefully reading analyses of all the things that went wrong during the Greek crisis by the exact same group of EU officials, analysts, journalists and opinion-makers that pushed for them in the first place. And not even a hint of self-criticism or “mea culpa.” #Greece
I’ll never forget any of those pseudo-intellectual “objective” analysts / journalists that supported and excused Tsipras, Varoufakis, Konstantopoulou et al. in 2015 - the most vile and damaging political gang to ever rule #Greece - paving the way to the country’s premature death.
#Greece could have been saved in the end of 2014. It would not have been a perfect exit, but it would have worked. We were so close. The economy was rebounding, and it would further benefit from QE. And then came Tsipras. And four lost years that brought the country back to 1989.
Any of us who dared criticize the Syriza-led gov, or express well-founded doubts about its plans, intentions & capacity to deliver, was labeled as “Nazi-collaborator”, “fascist”, “neoliberal” or “Merkelite”. And these people enjoyed the strong support of Krugman and Stiglitz...
All in all, there were many mistakes (some huge) committed during #Greece’s bailout years - by successive Greek govts, EU institutions, other EU countries, and the IMF. None, however, were as destructive, but also intentional, as those committed by Tsipras, Varoufakis and Syriza.
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Terrible, terrible, terrible news from Greece. An unbelievable blow to the quality and independence of an exceptional independent watchdog of the Greek economy and state finances.
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by @nstamouli view original on Twitter
The Greek Parliamentary Budget Office, since its establishment in 2010, has been a provider of high-quality, independent, in-depth and hard-hitting reports on the Greek economy, government revenues and public sector finances - irrespective of the governing party in place.
With a small team, and largely thanks to the leadership of Prof. Panagiotis Liargovas, the PBO gradually became a trusted, transparent and rich source of information about Greece - for investors, public officials & academics alike. Everyone reads their quarterly/annual reports.