ENSTA Bretagne (Brest), University Pierre Mendès France (Grenoble) and the Institut d’Etudes Politiques of Grenoble are pleased to announce that the 19th Annual International Conference on Economics and Security will be held in Grenoble, France, on June 25-27, 2015.
The conference is co-organized with Economists for Peace and Security.
By EPS Trustee Joseph E. Stiglitz for Project Syndicate, June 5, 2015
European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany and Greece’s other creditors continue to demand that the country sign on to a program that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.
Economists for Peace and Security works to promote non-military solutions to world challenges, and more broadly to work towards freedom from fear and want for all.
By EPS Chair James K. Galbraith, for Salon, June 18, 2015.
Readers of the financial press may be forgiven for thinking that the negotiations between Greece and Europe have one feckless partner — the new government of Greece — and one responsible partner, a common front of major governments and creditor institutions, high-minded in their pursuit of rational policies and the common European interest.
The view from Athens is different. On June 11, I attended the hearing of a Greek parliamentary commission investigating the Greek debt. Phillipe Legrain, former adviser to the then-EU President José Manuel Barroso, testified. Legrain is a technocrat, an economist, and a very reserved individual. He spoke in measured tones.
The original crime in the Greek affair, Legrain said, was committed in May 2010, when it became clear that the country was insolvent. At that time, the IMF staff was convinced that Greek debts must be restructured, and that debt relief was not only necessary but also just, given that reckless borrowers are always matched to reckless lenders, and that lenders are compensated, in part, for the risk of loss.