The Center for Modern Greek Studies' Nikos Kazantzakis Chair in cooperation with the Dept. of Economics at SF State invited the campus community to two seminars and a public lecture by Professor of Economics, Kostas Vergopoulos, University of Paris on the European debt crisis and globalization:
1. THE UPSIDE DOWN WORLD SYSTEM, Seminar, Monday, Oct. 28, 12:20 - 2 pm, HUM 301
2. THE UNNECESSARY EUROPEAN DEBT CRISIS, Seminar, Tuesday, Oct. 29, 12:20 - 2:00, HUM 587
3. CRISIS IN EUROPEAN PERIPHERY, Public Lecture, Wednesday, Oct. 30, 7:30 pm, HUM 587.
Of his subject Prof. Vergopoulos writes: "The current Eurozone crisis started from its peripheral members: Greece, Ireland, Portugal, Spain and now Italy. All of them make the so-called group of PIIGS, which is considered as living “beyond its means”, wasting the economies of “scrupulous” tax-payers and “prudent” savers of the European core countries. Meanwhile, during the last decade, rates of fixed capital formation and labour productivity were in peripheral Europe 3 or 4 times much faster and higher than in its core. The European periphery’s problem is not over-consumption, but rather over-accumulation. Waste of resources? Maybe, but in capital expenses, not in consumption." Prof. Vergopoulos is the author of numerous books and academic articles in the field of Economics including two book-length studies, "Globalization and Post-Democracy: Reforming the European Model" (Ashgate, 2001) and "Changes in Common Agricultural Policy and the Future of Europe" (Ashgate, 2003). He is an expert on the European and Greek economies, with sub-specializations in agrarian economics and globalization. This visit was sponsored by the University Seminars Program of the Alexander S. Onassis Public Benefit Foundation, USA.