Author Archives: C_Azariadis

About C_Azariadis

Washington University at St. Louis

A Great Depression for Greece?

Costas Azariadis looks at the most recent “vital signs” of the Greek economy and argues that austerity measures without investment or market reform will not succeed in balancing the government budget. He finds that private economic activity has already dropped … Continue reading

Posted in Macroeconomics | 14 Comments

To Euro or not to Euro?

In two interviews with Hurriyet Daily News (Oct. 11) and The Saint Louis Post-Dispatch (Nov.4), Costas Azariadis advocates a suspension of all interest payments on Greek debt and a return to the drachma as a stopgap measure that will buy … Continue reading

Posted in Banking and finance, Europe, General, Macroeconomics | 33 Comments