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The “Economist” Conference

(GREEK NEWS AGENDA) A much timely “Economist” Conference was addressed yesterday by the country’s leadership and experts from the financial and business world.

Taking the floor, Finance Minister George Papaconstantinou availed himself of the opportunity to note that Greece’s fiscal problems are also an issue for the entire eurozone and marked that a spill-over effect will not leave other eurozone countries unaffected, especially those which are as vulnerable as Greece.
The remarks were reported one day before the European Commission announces its recommendations on the country’s stability programme , which is most likely to receive European approval.   

» “Deficit Fetishism is a Mistake”
Addressing the Conference (Discussion and Debate with Joseph Stiglitz on the World Economy 2010), Nobel Economics Laureate 2001, former Senior Vice President of the World Bank, and Professor at Columbia University Joseph Stiglitz, dismissed fears that Greece will go bankrupt, adding that, when struggling with recession, governments ought to be careful with their rectifying measures.
“Cutting deficits in the wrong way can be counterproductive.”
Kathimerini daily: Greek woes are a eurozone issue

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Economist Joseph Stiglitz to visit Athens

(GREEK NEWS AGENDA) Economist and Nobel laureate Joseph Stiglitz is invited to participate at an open debate, titled “Discussion and debate with Joseph Stiglitz: in or out of the economic crisis?,” organized by the Economist and Hazlis & Rivas conferences, on February 2. 
Prime Minister George Papandreou will inaugurate the conference with an opening address, focusing on the government’s effort to fulfil the twin aim of monetary restructuring and growth.
Ministers, the leader of the opposition New Democracy party, Antonis Samaras as well as representatives of business associations will also participate at the conference.
Meanwhile, Stiglitz has contributed an article (January 25) in the ‘Comment is Free’ section of The Guardian, under the title “A principled Europe would not leave Greece to bleed,” urging Europe to show support for the honesty and integrity of Greece’s government and its efforts not only to bring the budget under control, but to increase transparency of the entire budgetary framework and to reduce corruption.