On China Radio International (中国国际广播电台), discussing the Greek elections

A radio panel discussion on China Radio International discussing, for a whole hour (!), the (I am afraid) inconsequential Greek Elections that are coming up this Sunday. Click here


Zhao Changhui, Senior analyst with the Export-Import Bank of China; 
Yanis Varoufakis, Professor of Economic Theory at the University of Athens; 
Nicholas Economides, Professor of Economics at the Stern School of Business at New York University. 


  • My suggestion is, the next time they ask you what is the impact of the 2 bailouts try avoiding talking about bankruptcy. Simply say that the purpose of the bailout funds is to address sovereign debt rollovers.

    BTW, Venizelos said in his Skai interview with Papahilas that the rate for Greece is now 2%. I am not sure if this a reliable figure (verifiable), but what’s what he said.

  • May 4 (Reuters) – German Finance Minister Wolfgang Schaeuble said on Friday the next Greek government must abide by commitments made by Athens under its EU/IMF bailout programme or “bear the consequences”.

    Schaeuble issued his carefully veiled warning two days before a Greek election in which radical anti-bailout parties are expected to perform well, raising the risk of the country’s eventual exit from the euro zone.

    “The future government in Greece must abide by the country’s commitments,” Schaeuble said in a speech during an event organised by his ruling centre-right Christian Democrats in the western German city of Cologne.

    “If Greek voters were to vote for a majority that does not honour those agreements, then Greece will have to bear the consequences of that,” he said.

    “EU membership is voluntary,” he added, without elaborating. [..]


    “We all know that Schaeuble wishes and works for a joint win of Venizelos [PASOK] and Samaras [Nea Dimokiratia]. If he wants it that much, I tell him that: Come and vote for them. But you should know the time when you were dealing with people on the SIEMENS lists is over.” (Alexis Tsipras, leader of left-wing SYRIZA)

    Greek Elections Seen Leading to Instability


    Yanis, what do you think about THIS? http://www.handelsblatt.com/politik/international/griechenland-firmen-stellen-sich-auf-rueckkehr-der-drachme-ein/6589968.html