photograph Greece's new austerity package

Dr Panos Piperopoulos appeared on BBC Radio Newcastle to discuss the Greek debt crisis

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Dr. Panos G. Piperopoulos, lecturer for Enterprise and Creativity, and Degree Programme Director for the MA in Arts, Business and Creativity, was invited to speak on BBC Radio Newcastle (95.4) on Wednesday 22nd of June. Panos featured on the Breakfast Show, presented by Alfie Joey and Charlie Charlton, where he commented on the current financial crisis in Greece.

Commenting on the new austerity package planned for Greece, Panos explained how ‘This is a good opportunity for ‘investors’ and a wrong move for the people of Greece. The new bail-out plan requires for Greece to sell more than €50 billion worth of assets and state organizations and create a collateral fund of state-owned enterprises and national assets worth of tens’ of billions of euro’s. When Greece defaults and I am choosing my words carefully, it is when not if it defaults, the investors will divide amongst them the assets under this collateral fund. A great investment opportunity! In other words you can invest a few pounds (more or less) to get in return tons of gold.’

To listen to the full 6 minute interview, please click here (between 1.50 - 1.56 minutes).

NOTE: THIS LINK WILL ONLY BE AVAILABLE FOR THE NEXT 7 DAYS

published on: 22nd June 2011