George Iordanou Politics, Philosophy and (not much) Real Life


Tsipras lost me before the #Greferendum, but it’s not completely his fault

Published in the Cyprus-Mail under the title “Why I can no longer support Tsipras,” July 12th, 2015 On Saturday, a day before the referendum, I argued that I will no longer be supporting Tsipras even though I was in favour of the NO vote. Having read the Greek government’s latest proposals to their creditors, as they were submitted on Thursday night, I stick to my view. I’m glad I don’t vote in #Greferendum. I wld likely vote NO. But I wldn’t be supporting Tsipras anymore. Here’s why: — George Iordanou (@iordanou) July 5, 2015 These are the five reasons I gave that explain why I no longer support Tsipras and his government. He called people to vote on a document that was no longer on the table. The consequences of either...

Η έλλειψη δημοκρατικού διαλόγου στην Ελλάδα και τα ατυχή κυπριακά παραδείγματα

Το ελληνικό δράμα δείχνει για ακόμη μια φορά την αδυναμία των Ελλήνων να συζητήσουν πολιτισμένα και με επιχειρήματα θέματα κοινού ενδιαφέροντος για τα οποία υπάρχουν αντικρουόμενες απόψεις. Πριν την κορύφωση του δράματος, γίνονταν δημόσιες τοποθετήσεις που πρόδιδαν τις ανέλπιδες προσπάθειες των συγγραφέων τους να συγκαλύψουν τα πραγματικά τους πιστεύω, τα οποία υποκινούνταν όχι απο πολιτικά επιχειρήματα αλλά από τον κλασικό, εξόχως ελληνικό οπαδισμό. Τωρα που η Ελλάδα βρίσκεται στο τέλος του δρόμου ή στην αρχή του επομένου ή στο χείλος του γκρεμού (διάλεξε κλισέ βάση ομάδας), βλέπουμε τα ίδια άτομα που μάταια συγκάλυπταν τις οπαδικές βάσεις των πολιτικών τους τοποθετήσεων να δείχνουν — επιτέλους — τον πραγματικό τους εαυτό. Απο τη μια έχουμε τη τρομολαγνεία του λαϊκίστικου...

Don’t sell the Gold!

Reuters is saying that Cyprus will sell around 400 million euros worth of gold. This is a very bad idea. Let me repeat it. It is a very bad idea to sell the gold reserves. Cyprus is going down very fast or as Alexantra put it, ‘it is like watching a train wreck in super slow motion’.The gold reserves will be the only thing left to built something out of the ruins. By selling its gold reserves, Cyprus is selling the only asset that can support an alternative currency in the very possible post-eurozone era. I am not arguing for an exit from the eurozone. I am saying that it is a very realistic possibility that Cyprus will either bankrupt or get forced out of the eurozone. To remove the only asset that can minimise the devaluation of the new pound is a horrible decision. Even the...

Al Jazeera on #Cyprus

Yesterday I took part in Al Jazeera’s The Stream, where we talked about Cyprus. Video conferencing failed me, so I participated via phone. I talked twice. The first question was about who I thought is mostly to blame for the situation in Cyprus. I argued that the Eurozone Ministers of Finance are mostly to blame for making Cyprus a guinea pig case and for destroying one of the two productive sectors of Cyprus overnight. I said that the three days ultimatum that Cyprus was given is nothing short of an extortion and that the ‘deposits haircut’ is actually a confiscation of already taxed money. Of course, I mentioned that the bankers and the Cypriot governments are also to blame but I stressed that it was the mishandling of Cyprus during the Eurogroup meeting that destroyed...

Can #Cyprus recover without leaving the eurozone?

I don’t see how Cyprus can remain within the Eurozone and potentially recover. The overnight destruction of the financial sector left the economy of Cyprus devastated. All of us already know people who have lost their jobs and people that will soon lose them. The hope is that new productive sectors will be developed that will help the economy recover from the loss of the financial sector. I list four challenges to this scenario. I neither am nor pretend to be an economist, so I would be glad to be proven wrong.

George Iordanou Politics, Philosophy and (not much) Real Life

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