The Greek Crisis: A Gandhian Perspective

Cahiers du CEREN (2016), 48, pp 42-66

25 Pages Posted: 30 Aug 2015 Last revised: 27 Jul 2016

See all articles by Arvind Ashta

Arvind Ashta

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté

Christine Sinapi

Univ. Bourgogne Franche-Comté, ESC Dijon-CEREN

Date Written: September 17, 2015

Abstract

Greece has been witnessing higher death rates, suicides, increased prostitution, emigration and the splitting up of families, rationing of bank withdrawals and capital controls in the last few years. This paper studies the Greek crisis as evidenced by its balance of payments over the last 18 years. It places this analysis in the background of an Economic Union. We find that the Greek state is an example of acute suffering as well as shame thrust upon a people once their industries had been destroyed through inherent disadvantages in terms of trade. They need to look out for themselves and formulate appropriate tax policies. We owe them squaring subsidies as their dues. Their leaders need to take the moral high ground of ecological balance to show their people are on a better track. A Gandhism inspired action may be an appropriate response to neo-imperialism.

Keywords: Economic Union, European Union, Greece, Greek debt, fiscal federalism, equalization, inequality

JEL Classification: D63, E62, E63, F34, F36, H87, 023, P16

Suggested Citation

Ashta, Arvind and Sinapi, Christine, The Greek Crisis: A Gandhian Perspective (September 17, 2015). Cahiers du CEREN (2016), 48, pp 42-66. Available at SSRN: https://ssrn.com/abstract=2652995 or http://dx.doi.org/10.2139/ssrn.2652995

Arvind Ashta (Contact Author)

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté ( email )

29 rue Sambin
21000 Dijon
France

Christine Sinapi

Univ. Bourgogne Franche-Comté, ESC Dijon-CEREN ( email )

France

Register to save articles to
your library

Register

Paper statistics

Downloads
62
rank
344,410
Abstract Views
692
PlumX Metrics