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Stoupas, Kostas

Capital.gr (Greece)


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2 articles of this author have been cited in the European Press Review so far.


Capital - Greece | 24/06/2015

Useless austerity proposals won't help Greeks

The money-saving proposals put forward by Greek Prime Minister Alexis Tsipras are pointless from an economic perspective, the liberal website Capital argues: "Most of the new taxes won't be paid. And in any event Greece will have to redefine its economic policy before the end of the year. The Europeans have accepted Tsipras's proposals although most of them know they won't have any effect. Perhaps they did this for two reasons: a) to demonstrate the submission of the 'biggest' Eurosceptic, troublemaker and demagogue; b) to higlight the failure of the subsidy-based Greek state model and its consequences so that other big economies in the Eurozone and Europe avoid similar behaviour. Over the summer the agreement will give a bit of breathing space to the economy, which has practically ground to a standstill in recent months because of all the uncertainty. But come autumn the problems will be apparent once more."

Capital - Greece | 12/06/2015

Tsipras doing the same as his predecessors did

According to media reports, Prime Minister Alexis Tsipras has proposed that the bailout programme for Greece be extended until March 2016. That means everything will just continue as it has until now, the liberal website Capital laments: "Tsipras has demanded the extension of the austerity memorandum that the previous government put in place, although he had opposed it so fiercely and wanted to see it legally abolished. The continuation of the bailout programme [initially for four months] on February 20 and the insecurity it entailed has resulted in an enormous flight of capital from the banks, economic stagnation, a return to recession, rising unemployment, fewer hopes for tourism this year and the inability to attain a primary surplus without additional measures. ... Why should prolonging the programme for another nine months change this negative mood?"

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