Today at lunchtime, Lord Lawson (a UK Chancellor of the Exchequer between 1983 and 1989) has given a lecture at the National Liberal Club in London. The title, put in form of a question was: "Is the Eurozone crisis a threat to global stability?" It was an excellent review of many aspects of the causes and mechanics of the ongoing financial crisis from macroeconomics perspective.
After the lecture, during a question session Lord Lawson was asked how he would have advised the Greeks to vote in the referendum (if there is one) on accepting the last week's financial bailout deal. His answer was unequivocal "no". Lord Lawson did not answer a question whether he expected colonels back in power in Athens by this Christmas.
After the lecture, during a question session Lord Lawson was asked how he would have advised the Greeks to vote in the referendum (if there is one) on accepting the last week's financial bailout deal. His answer was unequivocal "no". Lord Lawson did not answer a question whether he expected colonels back in power in Athens by this Christmas.
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