I used to be a small business entrepreneur running a retail chain. Back in 2004 at the Olympic heights of Greece's irrational exuberance it wasn't as easy as it seems today to conclude that Greece was on an unprecedented collision course with an "unforeseen" economic depression. I took the decision to exit the market earlier in 2002 and from 2005 I held several executive positions within the same vertically integrated corporation with activities spanning from industrial manufacturing to retailing in the textiles and clothing sector. I failed from early on to convince the board and executives on the future strategic dilemma to either "change or crash" and in June 2012 I resigned. Since then I completed only a few small projects as a business development consultant.
Out of an immense intrinsic drive I was motivated to explore alternative paths of exit from the economic crisis. In January 2013 I organized under the auspices of the Athens University of Economics and Business an international conference in Athens on "The Future of Money". In February 2014 I organized for capital.gr another small conference in Athens on the Role of Banks in exiting the crisis. In June 2014 I invited Professor Steve Keen to give a keynote lecture on the Greek crisis at the Aristotle University of Thessaloniki. Since 2013 I have written several essay long articles on the causes of the crisis and alternative solutions other than austerity and euroexit. In September 2015 I was invited by the American Monetary Institute as a guest speaker on the role as anticylcical mechanisms of "A National Development Bank and a Complementary Means of Payment for Greece." A presentation on parallel currencies at the Money Show in Athens in January 2017 acted as the catalyst for the international Symposium on "Greece, Out of the Crisis: Debt-End or Dead-End" in Vienna in May 2017 organized under the auspices of Webster University by Dr. Nikolaos Antonakakis.
Greece is the only country in the Eurozone that does not have a National Development Bank. In 2014 I outlined a proposal to convert the Consignment Deposits and Loans Fund into a National Development Bank in conformity with the institutional framework of the Eurozone. I was invited in 2015 upon the suggestion of Prof. Dimitris Mardas, at the time Deputy Finance Minister, to participate in an unofficial committee that was formed by the Vice President of the Greek government assigned with the task of presenting a proposal for the creation of a new National Development Bank. The final proposal received the approval of the Government Economic Policy Council on April 16th 2015. Greece remains the only country in the Eurozone without a National Development Bank.
My amateur working paper on a "A Complementary Currency for Greece: An Institutional Perspective" received the attention of authoritative experts on parallel currencies and was cited by Parenteau/Andresen in their paper: "A program proposal for creating a complementary currency in Greece." (Real World Economics Review, issue 71) In the same issue, I am also the "originator" of the idea of a "funded currency" via a Development Bank in Harvey's "Updated proposal for complementary currency for Greece." If "thinking is being" (Parmenides) then I can boast that "the one thing I know, is I know nothing." (Socrates) The truth is bulletproof from the crossfire of lies.
I have studied International Business at the University of Westminster with a focus on Strategic Management. Having lived in Stutgart, Munich, Berlin, Hamburg, London, Manchester, Madrid, Athens and my home city Thessaloniki, I thought that I was a true European only to realize in frustration that Europe is not thinking of the Europeans. The alternative to Fascism United can't be anything less than the United Civilizations of Europe.
I am not an economist, I am not a lawyer. A banker addresed me as a "hacker economist." I am still trying to figure out why the neoliberal agenda of liberalization, deregulation, privatization has no narrative about the “liberalization” of the monetary system. "Dixitque Deus [Argentarius] fiat lux [pecunia], et facta est lux [pecunia]" declared the new priesthood, the modern monetary nobility, to the flock. At the epicenter of the underground currents of history lies the institutionalization of an inquisitorial system of conformance to the intelligently designed by the Monetary Priesthood Canon Laws of Monetary Creed, "for the things which are considered mysteries among men, they celebrate sacrilegiously." "Debate" said Heraclitus, for harmony and freedom are enshrined in a nature that demands a “monetary ecosystem” as the result of the juxtaposition between the totalitarian global Nomismarchism of "one (world) Bank, one (world) Market, one (world) Currency" and the Hobbesian chaos of the state of nature.
This is an institutional crisis. We need an alternative vision for a better future and abolishing the institutional intermediation of ignorance must become priority number 1.
I am eternally indebted to Richard Werner, Bernard Lietaer and Steve Keen.
Motto: "Hubris needs extinguishing, even more than a fire" Heraclitus, Fragment 43