The speech of the President of the EPAM, Dimitris Kazakis, presented at the Université d’automne conference, held in La Rochelle, France, 8/11/2019

Dear comrades,

The European Union is evolving more and more into an empire. On September 15th this year, Guy Verhofstadt, a Member of the European Parliament (MEP), the EU’s chief negotiator on Brexit and leader of the EU’s Alliance of Liberals and Democrats for Europe faction, spoke at a Lib.-Dem party congress of the United Kingdom:

«The world order of tomorrow is not a world order based on nation states or countries. It’s a world order based on empires… The world of tomorrow is a world of empires in which we Europeans and you British can only defend your interests, your way of life, by doing it together in a European framework and a European Union.» (more…)

Special Economic Zones: Is it a matter of opinion or a matter of interest?

Comment: Dear Sir/Madam,

I am R.B. from India. Presently I am pursuing my MBA in Germany. I am an Engineer by profession with 18 years of experience in Project/ Program management etc. in a leadership role.

I have been studying the Greek crisis and it has been a big topic of discussion during this MBA. We even had a visit to the ECB in Frankfurt where this issue was presented to us and discussed. I read the article with great interest and I have concrete proposals to share which I think can be implemented to resolve the crisis.

Since the space is short here, I am looking forward to a suitable response from your end to share my views.


Dear R.,
Thanks for contacting EPAM.
We’d be delighted to listen to your proposals even a general idea.
Looking forward to reading from you soon.
Best regards,
Dear Sir,Please find enclosed a proposal from my side. I am looking forward to your feedback on the proposal.

My answers in red:

Problem Statement.   As the unemployment numbers rise in Greece, the expenses of the Govt. (in welfare payments) also rises.

The expenses of the government in welfare payments are non-existent since Greece signed with troika (=IMF, ECB, EU). On the contrary, unemployement is due to the fact that the government does not spend because the governemewnt uses the taxes to pay the debt  which was produced by euro.

Further, the unemployed are also disruptive and so the traditionally profitable industries (like tourism) are also adversely affected. So this is like a downward spiral. What is the Govt. doing? They are trying to sell of the ‘crown jewels’ i.e the best run companies in the country to raise money. What the Govt. doesn’t realize is that even if they sell these companies (at a fraction of their true value), due to the possible disruption by the unemployed, getting work done in such companies inside Greece is uncertain and risky.

So, the direction of the solution has to be to find some sort of employment for the large number of unemployed. This has to be a private sector solution so that the burden of the Govt. (in welfare payments) is reduced. History has proved ( USA Great Depression etc) that private sector is not the solution when a country’s economy is in free fall like Greece’s is. On the contrary. The loss of this ‘burden’ in welfare payements is what led to this situation where an entire people is exploited by private Banks and private sector.

Lastly, it is about the pride of the Greeks who (like any other self-respecting nation) would like to get themselves out of this crisis by working hard and not by being unemployed. I don’t know about other nations but the Greeks will not get out of the crisis by working like slaves to pay the debts others (=political system) made for him.

Proposed Solution.      The solution lies in setting up of ‘Special Economic Zones’ (SEZ) in Greece where Multi National Companies (MNCs) preferably in the FMCG sector, can set up their plants and employ the Greeks. One very competitive MNC is TATA, who are into a lot of things (at least in India) from salt to luxury cars and even locomotives. Maybe in India it worked (although I would very much like to listen to someone who works in a SEZ in India what he has to say about that) but I wonder why France, Germany, Norway, Denmark, Finland, Italy, do not have SEZs in their countries? Do they know something India, China, South Korea do not? (more…)

Special Economic Zones

When austerity measures, one after the other, very deliberately and very intentionally, deepen the depression of Greek economy and lead society to despair, Special Economic Zones (SEZ) appear as a  ‘salvation’ solution.

Do you know what Special Economic Zones (SEZ) are? A great bet for development, says our government, along with certain bizarre ‘technocrats’, who wander around the country, telling fairy tales. A strange private consultant company wanders around Thrace saying they have carried out ‘studies’, which find SEZ  a profitable solution. It is the so called “Financial Forum of Thrace”, which has booked the conference room of the Bank of Greece on the 24th of September, in order to present the profitable SEZ solution in Athens.

The whole set-up reminds us of the time of the great looting of the Athens’ Stock Market in 1998-2000, when “special financial advisors” appeared out of nowhere and encouraged people to get involved (and lose…) en masse. The same thing happens now.