From:
The National Herald reporter Eleni Sakellis covered remarks by Columbia Business School Professor Charles Calomiris at The Hellenic-American Cultural Foundation event, “The Greek Debt Crisis and Its Aftermath,” held in New York City. Calomiris discussed the origins of Greece’s debt crisis, the role of institutional and fiscal weaknesses, and the long-term economic and political consequences of the austerity measures that followed. He emphasized lessons from the crisis for other highly indebted countries, including the importance of credible fiscal governance, resilient banking systems, and early intervention to prevent systemic collapse.
