The Hellenic Foundation for European and Foreign Policy (ELIAMEP) organised its Annual Lecture delivered by Professor George Dertilis, École des Hautes Études en Sciences Sociales, Paris, and Professor Emeritus, University of Athens on the following theme:

‘History does not repeat itself and does not teach: Economic Crises and State in Greece’.

The issues discussed were 1) High fiscal deficit and weakness in servicing huge public debt, 2) Declining state revenues and inefficient revenue generating capacity, 3) Enormous expenses, great wastefulness, clientelistic hiring in the public sector by a political system characterised by patronage, 4) Excessive military expenses, 5)  The objective of the economic policy making in Greece is control of government power and not the economy, 6)  In society there is a complex of self pity, complex of rich historical legacy and vague patriotism and 7)  International economic and mainly financial monitoring.

The lecture delivered by Professor Dertilis is available in Greek. You can also access his personal website.