The biggest public debt restructuring in history is not a world first that makes us proud, despite the enormity of the achievement on a technical and negotiatory level, the massive complexity and difficulty of the task. It represents, as Prime Minister Lucas Papademos said in his statement, a moment of relief, but also a moment to ponder on those who…
By George Pagoulatos In an ironically symbolic picture from last December’s riots inAthens, the poster ofGreece’s National Tourism Organisation appeared behind a shattered window, featuring the slogan: “Greece: The True Experience!” Five years ago, with euphoria over Greece’s entry to the eurozone still fresh, urban infrastructure expanding, a galloping growth rate and a new-found pride from the successful hosting of…