Nikos Garganas on Greece’s sovereign debt crisis – and the day after

Former Bank of Greece Governor Nikos C. Garganas has embarked on a detailed explainer covering the debt crisis Greece has lived through for the better part of a decade starting 2009. The resulting book Greece’s Sovereign Debt Crisis and its Economic aftermath: Analysis and Lessons delves deep into the factors that caused the Greek debt crisis; goes through the response of the country’s European partners and the efforts expended so as to avoid Grexit; analyses the impact that successive Adjustment Programmes had on the Greek economy and society as well as the reasons for the extensive damage caused; peers at the remaining challenges and the overall situation Greece finds itself in while trying to map a promising road forward.

A presentation of this book and a discussion over the main issues it raises will take place on Wednesday, February 2 (18.30) at the ERMIS auditorium of the Athens Chamber of Commerce and Industry, with Dr Miranda Xafa and Prof Nikos Vettas, Director General of IOBE as discussants. Prof Gikas Hardouvelis, Board Chairman of the National Bank of Greece will introduce and moderate. National Economy and Finance Minister Costis Hadjidakis and Bank of Greece Governor Yannis Stournaras will also take part.

In the Preface to the book, Nikos Garganas sets out the rationale of his embarking on this journey
in the following terms.