Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greece Should Get More Money, To Vima Says, Citing Nobel Winner

Aug. 11 (Bloomberg) -- Greece’s international aid agreement should have focused more on structural changes and permitted a slower implementation of austerity measures, To Vima said, citing Christopher Pissarides, co-recipient of the 2010 Nobel prize in economic sciences.

Austerity measures have created a recession that makes it difficult for reforms to achieve results, the paper cited Pissarides as saying in an article to be published in tomorrow’s edition. The so-called troika of the International Monetary Fund, the European Central Bank and the European Union should now take a milder approach with Greece, Pissarides said.

The only solution, for at least the next two years, is for the troika to give Greece more money, To Vima reported Pissarides as saying.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.