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July 2, 2015

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Declaration of 246 Economics Professors at Greek Universities on Referendum & Importance of YES Vote

The following declaration, which is signed by 246 professors of Economics Schools and Universities across  Greece, and which was first published on kathimerini, explains why they are going to vote YES at this Sunday's referendum.
     By this declaration, we want to express our great distress about the latest developments in our country. We strongly believe that, at this crucial point, it is of paramount importance to avoid excesses, to show national cohesion, to preserve our position in the Eurozone and the EU, and to regain our credibility in the international community. Further, the fiscal consolidation program, drawn jointly with our EU partners and other creditors like the IMF, should be characterized by the lowest possible recessionary consequences and the highest possible level of social protection, aiming at growth and job creation in the private sector as soon as possible. The prolonged political uncertainty has led the economy to a renewed recession, has reversed the decline in unemployment, has lowered tax revenue and has widened the fiscal gap.
     Taking into account that the proposals of our creditors and the Greek government were converging until last Friday, we believe that what is really at stake in the coming Referendum, irrespective of the precise formulation of the question, is whether Greece will remain, or not, in the Eurozone and, possibly, whether it will remain in the EU itself.
     The funding of the Greek economy by Eurozone countries was suspended last weekend after the Greek government abandoned the negotiations at a time when no alternative funding opportunities seem to be available. We are already at the first stage of a very slippery process that, if not urgently reversed, will lead to a chaotic debt default and exit from the Eurozone. Bank closures and capital controls (that had been so far avoided throughout the deep crisis) constitute only the first rupture from the Eurozone and the EU itself
     We believe that the recessionary consequences of debt default and exit from the Eurozone, especially in such a chaotic and superficial way, will be much worse than the effects of a painful compromise with our EU partners and the IMF. A disorderly break of our country from the core of Europe will have disastrous economic, social, political and geopolitical consequences.
     Short-run consequences: Bank closures, cut in the value of deposits, sharp decline in tourism, shortages of basic consumer goods and raw materials, black market, hyperinflation, firm bankruptcies and a big rise in unemployment, rapid fall in real wages and the real value of pensions, deep recession and serious problems in the functioning of public health care and defense, social unrest.
     Medium-term consequences: international isolation of the country, no access to international capital markets for several years, low growth and anemic investment, high unemployment combined with high inflation rates, suspension of the flow of EU structural funds, significant decline in the standard of living, poor provision of basic public goods and services.
     All these developments should not have happened after 5 years of big sacrifices by the Greek people, and a tremendous fiscal adjustment, right at the time when the economy was starting to recover, with favourable expectations for further easing in the terms of our public debt obligations. They should not have happened in a period when the European economy is returning to positive growth rates and other peripheral euro countries start growing and reducing unemployment. They should not have happened in a favorable time for further EU integration that will benefit the South and when the ECB facilitates growth with excess liquidity and zero interest rates.
     Leaving the Eurozone, especially with this chaotic and superficial way, would likely lead to a process of leaving the EU too, with unpredictable and disastrous consequences for the national security and the democratic stability of our country.
     For all these reasons, Greece must remain in the core of the EU, which is the Eurozone.
     For all these reasons, our unequivocal answer to the real question of the referendum is: YES. Yes, to Europe.
  1. Adam Αntonis University of Ioannina
  2. Aggelidis Timotheos University of Peloponnese
  3. Alexakis Christos University of Pireaus
  4. Alexakis Panagiotis Athens University
  5. Anagnostou Aggeliki University of Thessaly
  6. Andoniou Fabio University of Ioannina
  7. Andronikidis Αndreas University of Macedonia
  8. Androutsopoulos Ion Athens University of Economics and Business
  9. Androutsopoulos Κonstantinos Athens University of Economics and Business
  10. Apergis Νikolaos University of Pireaus
  11. Apostolopoulos Thodoros Athens University of Economics and Business
  12. Argouslidis Paris Athens University of Economics and Business
  13. Arvanitis Stelios Athens University of Economics and Business
  14. Atsalakis George Polytechnic of Crete
  15. Avlonitis George Athens University of Economics and Business
  16. Balios Dimitris Athens University
  17. Ballas Apostolos Athens University of Economics and Business
  18. Baltas Georgios Athens University of Economics and Business
  19. Baltas Nikolaos Athens University of Economics and Business
  20. Basiakos Ioannis Athens University
  21. Bellou Victoria University of Thessaly
  22. Benos Nikos University of Ioannina
  23. Benos Theofanis University of Pireaus
  24. Billias Ioannis Athens University of Economics and Business
  25. Bitros Georgios Athens University of Economics and Business
  26. Blavoukos Spyros Athens University of Economics and Business
  27. Bourantas Dimitris Athens University of Economics and Business
  28. Bourantonis Dimitris Athens University of Economics and Business
  29. Bournova Eugenia Athens University
  30. Brisimis Sofoklis University of Pireaus
  31. Chalamandaris George Athens University of Economics and Business
  32. Chalkias Ioannis Athens University of Economics and Business
  33. Charitakis Nikos Athens University
  34. Chletsos Michael University of Ioannina
  35. Chlomoudis Kostas University of Pireaus
  36. Chortareas George Athens University
  37. Chouliaras Asteris University of Peloponnese
  38. Christopoulos Dimitris Panteion University
  39. Christopoulou Sofia University of Macedonia
  40. Christou George Athens University of Economics and Business
  41. Damianos Dimitris Agricultural University of Athens
  42. Dedoulis Manolis Athens University of Economics and Business
  43. Delipalla Sofia University of Macedonia
  44. Demoirakos Efthymios Athens University of Economics and Business
  45. Demos Antonis Athens University of Economics and Business
  46. Demousis Michalis University of Patras
  47. Dialla Violetta Athens University
  48. Dimeli Sofia Athens University of Economics and Business
  49. Dimitriadi Zoi University of Macedonia
  50. Dotsis Georgios Athens University
  51. Doukidis Georgios Athens University of Economics and Business
  52. Drakos Anastasios Athens University of Economics and Business
  53. Economides George Athens University of Economics and Business
  54. Economidou Claire University of Pireaus
  55. Economou Athina University of Thessaly
  56. Efstratoglou Sofia Agricultural University of Athens
  57. Eleftheriou Kostas University of Pireaus
  58. Fountas Stylianos University of Macedonia
  59. Gaganis Chrysovalantis Univiversity of Crete
  60. Gatsios Konstantinos Athens University of Economics and Business
  61. Genakos Christos Athens University of Economics and Business
  62. Genius Margarita University of Crete
  63. Georgiou Andreas University of Macedonia
  64. Georgoutsos Dimitrios Athens University of Economics and Business
  65. Giaglis Georgios Athens University of Economics and Business
  66. Giamouridis Daniel Athens University of Economics and Business
  67. Giannakopoulos Nikos University of Patras
  68. Giannelis Dimitrios University of Pireaus
  69. Giannelis Νikos University of Crete
  70. Giotopoulos Ioannis University of Peloponnese
  71. Glavinis Panayotis Aristotle University of Thessaloniki
  72. Griva Krina University of Ioannina
  73. Hassid Josef University of Pireaus
  74. Hatziantoniou Damianos Athens University of Economics and Business
  75. Hatzipanayotou Panos Athens University of Economics and Business
  76. Hatzis Aristides Athens University
  77. Iatridis George University of Thessaly
  78. Ifantopoulos Ioannis Athens University
  79. Indounas Konstantinos Athens University of Economics and Business
  80. Ioannidis Antonis Athens University of Economics and Business
  81. Ioannidis Stavros Panteion University
  82. Ioannou Georgios Athens University of Economics and Business
  83. Iordanoglou Chrysafis Panteion University
  84. Ireiotis Nikolaos Athens University
  85. Kainourgios Dimitris Athens University
  86. Kalamboukis Theodoros Athens University of Economics and Business
  87. Kalogirou Ioannis Metsovio Polytechnic University
  88. Kalyvitis Sarantis Athens University of Economics and Business
  89. Kammas Pantelis University of Ioannina
  90. Karagiannis Ioannis University of Macedonia
  91. Karamanis Konstantinos Athens University of Economics and Business
  92. Karaveli Eleni Athens University of Economics and Business
  93. Karkalakos Sotiris University of Pireaus
  94. Kasimatis Konstantinos Athens University of Economics and Business
  95. Katranidis Stelios University of Macedonia
  96. Katsimi Margarita Athens University of Economics and Business
  97. Kavousanos Emmanouil Athens University of Economics and Business
  98. Kazakos Panos Athens University
  99. Koen Sandra Athens University of Economics and Business
  100. Kollias Christos University of Thessaly
  101. Konstantinou Panagiotis Athens University of Economics and Business
  102. Konstantopoulos Panos Athens University of Economics and Business
  103. Kontouli Maria University of Peloponnese
  104. Korliras Panagiotis Athens University of Economics and Business
  105. Kosteletou Nikolina  Athens University
  106. Kostis Kostas Athens University
  107. Kotsios Stelios Athens University
  108. Kottaridi Konstantina University of Pireaus
  109. Koundouri Phoebe Athens University of Economics and Business
  110. Kouretas Georgios Athens University of Economics and Business
  111. Kritikos Manolis Athens University of Economics and Business
  112. Kyriazidou Katerina Athens University of Economics and Business
  113. Kyriazis Nikolaos University of Thessaly
  114. Kyriazis Dimitris University of Pireaus
  115. Kyritsis Ioannis Aristotle University of Thessaloniki
  116. Kyrkillis Dimitris University of Macedonia
  117. Ladi Stella Panteion University
  118. Lekakos Georgios Athens University of Economics and Business
  119. Leledakis Georgios Athens University of Economics and Business
  120. Leventakis Ioannis Athens University of Economics and Business
  121. Liargovas Panagiotis University of Peloponnese
  122. Liaropoulos Lykourgos Athens University
  123. Loizidis Ioannis Athens University of Economics and Business
  124. Lolos Sarantis Panteion University
  125. Louri Eleni Athens University of Economics and Business
  126. Louridas Pangiotis Athens University of Economics and Business
  127. Malevris Nikos Athens University of Economics and Business
  128. Malliaris Petros University of Pireaus
  129. Matsagganis Manos Athens University of Economics and Business
  130. Mergos Giorgos University of Athens
  131. Metaxas Theodoros University of Thessaly
  132. Miaouli Natasha Athens University of Economics and Business
  133. Milliou Chrisovalantou Athens University of Economics and Business
  134. Mylonas Nikolaos Athens University
  135. Mylonidis Nikos University of Ioannina
  136. Nikas Christos University of Macedonia
  137. Nikolaou Ioannis Athens University of Economics and Business
  138. Nikoleris Theodoros Athens University
  139. Nikolopoulos Andreas Athens University of Economics and Business
  140. Nikolotsa Daphni University of Crete
  141. O’Donnel Owen University of Macedonia
  142. Pagkratis Spiros Athens University of Economics and Business
  143. Pagoulatos Giorgos Athens University of Economics and Business
  144. Palis Thanos Aegean University
  145. Palivos Theodoros Athens University of Economics and Business
  146. Panagiotopoulou Lida Athens University of Economics and Business
  147. Panagiotou Dimitris University of Ioannina
  148. Panagopoulos Andreas University of Crete
  149. Pantelides Theologos University of Macedonia
  150. Papachristou Giorgos Aristotle University of Thessaloniki
  151. Papadakis Vassilios Athens University of Economics and Business
  152. Papadamou Stephanos University of Thessaly
  153. Papadimitriou Stratos University of Pireaus
  154. Papadopoulos Hrisoleon Aristotle University of Thessaloniki
  155. Papadopoulos Konstantinos Aristotle University of Thessaloniki
  156. Papalexandri Nancy Athens University of Economics and Business
  157. Papanastasopoulos Giorgos University of Pireaus
  158. Papandreou Andreas Athens University
  159. Papapanagos Harris University of Macedonia
  160. Papastathopoulou Polina Athens University of Economics and Business
  161. Papathanassiou Iason University of Macedonia
  162. Papavasiliou Nikolaos Athens University of Economics and Business
  163. Papoulias Dimitris Athens University
  164. Paraskevopoulos Christos University of Macedonia
  165. Pasiouras Photis Polytechnic of Crete
  166. Patronis Vassilios University of Patras
  167. Patsouratis Vassilis Athens University of Economics and Business
  168. Pechlivanos Lampros Athens University of Economics and Business
  169. Peka Oikonomou University of Pireaus
  170. Pelagides Thodoris University of Pireaus
  171. Petrakis Manolis University of Crete
  172. Petridou Evgenia Aristotle University of Thessaloniki
  173. Philippopoulos Apostolis Athens University of Economics and Business
  174. Pittis Nikitas University of Pireaus
  175. Polemis Michalis University of Pireaus
  176. Pollalis Ioannis University of Pireaus
  177. Pournarakis Efthimios Athens University of Economics and Business
  178. Pragidis Ioannis Democritus University of Thrace
  179. Pramatari Katerina Athens University of Economics and Business
  180. Psaltopoulos Dimitris University of Patras
  181. Psarianos Jacob University of Thessaly
  182. Psillaki Maria University of Pireaus
  183. Raikou Katerina University of Pireaus
  184. Repas Panagiotis Panteion University
  185. Repoussis Panagiotis Athens University of Economics and Business
  186. Riginos Michalis Athens University
  187. Rigopoulou Eirini Athens University of Economics and Business
  188. Roumanias Kostas Athens University of Economics and Business
  189. Sakellaris Ploutarxos Athens University of Economics and Business
  190. Sakellis Yiannis Panteion University
  191. Samitas Aristides Aegean University
  192. Sarris Alexandros Athens University
  193. Sartzetakis Efthimios University of Macedonia
  194. Sideropoulos Moissis Aristotle University of Thessaloniki
  195. Siourounis Grigoris Panteion University
  196. Siris Vasilios Athens University of Economics and Business
  197. Sklavou Helen Athens University of Economics and Business
  198. Sklias Pantelis University of Peloponnese
  199. Skordile Sofia Harokopio University
  200. Skountzos Theodoros University of Pireaus
  201. Skouras Athanassios Athens University of Economics and Business
  202. Skouras Dimitris University of Patras
  203. Skouras Spyros Athens University of Economics and Business
  204. Soderquist Klas Athens University of Economics and Business
  205. Sorros Ιoannis University of Pireaus
  206. Sotiropoulos Dimitris  Athens University
  207. Spinellis Diomidis Athens University of Economics and Business
  208. Spyrou Spyros Athens University of Economics and Business
  209. Stamatopoulos George University of Crete
  210. Stathakopoulos Vlasios Athens University of Economics and Business
  211. Stavrakoudis Athanassios University of Ioannina
  212. Symeonidis Spyros University of Ioannina
  213. Tarantilis Christos Athens University of Economics and Business
  214. Tatsos Nikos Panteion University
  215. Thalassinos Lefteris University of Pireaus
  216. Thomadakis Stavros Athens University
  217. Thomakos Dimitrios University of Peloponnese
  218. Tinios Plato University of Pireaus
  219. Topaloglou Nicholas Athens University of Economics and Business
  220. Toumpis Stauros Athens University of Economics and Business
  221. Tragaki Alexandra Harokopio University
  222. Tsakanikas Angelos Metsovio Polytechnic University
  223. Tsakiris Nikos University of Ioannina
  224. Tsakloglou Panos Athens University of Economics and Business
  225. Tsamourgelis Ioannis Aegean University
  226. Tsintzos Panagiotis Democritus University of Thrace
  227. Tsionas Efthymios Athens University of Economics and Business
  228. Tsipouri Lena Athens University
  229. Tsiritakis Emmanuel University of Pireaus
  230. Tsoukalis Loukas Athens University
  231. Tzavalis Elias Athens University of Economics and Business
  232. Tzelepis Dimitrios University of Patras
  233. Tzionas Ioannis University of Macedonia
  234. Tzouvelekas Vangelis University of Crete
  235. Vakola Maria Athens University of Economics and Business
  236. Varsakelis Νikos Aristotle University of Thessaloniki
  237. Vassilatos Vaggelis Athens University of Economics and Business
  238. Veletzas Κostas University of Macedonia
  239. Venetis Ioannis University of Patras
  240. Vettas Νikolaos Athens University of Economics and Business
  241. Voudouri Irini Athens University of Economics and Business
  242. Xanthakis Manolis Athens University
  243. Xepapadeas Tasos Athens University of Economics and Business
  244. Zacharias Lefteris Athens University of Economics and Business
  245. Zopounidis Konstantinos Polytechnic of Crete
  246. Zoumboulakis Michalis University of Thessaly

*first published on kathimerini


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