Equiniti Magazine Summer 2012

Page 13

PHOTOGRAPHY BY ANDY BROWN

YOU DID ASK

since it first launched in 1994 with Adrian Chiles in the chair) for six years, so he’s followed every twist and convoluted turn of the credit crunch, recession and Euro Zone saga. At the time of talking to Andrew, Greece was still hanging on by its collective fingernails. Experts like Lord Lawson were saying that leaving the Euro would give the country the opportunity to devalue and become more competitive. “It’s fascinating watching the news unfold. We’re watching a grand global experiment; an experiment into which of the austerity versus anti-

austerity theories will take the upper hand. Will all the votes against austerity change anything? If the Greek people had voted in an anti-austerity Government, the Drachma would have revalued itself downwards dramatically leaving people with austerity anyway. "If the Greek people are paid in Drachma it’s not clear that they’ll be able to afford the basics of life. If the austerity measures imposed on them weren’t so hard they might be able to put up with it but, with wages down by a quarter, they are angry. We don’t know whether devaluation would be www.equiniti.com > 13


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