Author: Damian Merciar

Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

The Idiots guide to Greece, Euro problems and defaulting on debt.

Stephen Liddell's avatarStephen Liddell

Granted this might be the most exciting titled blog I’ve ever written but it is probably the one that makes most sense.  I’ve decided to write my easy to understand guide to Greece and the Euro based on common-sense and my memories of international economics classes.

Greece has given the world much.  Ideals of democracy, political theories, sporting events and many fine foods.  It was also the first country to default on its debts back in 377BC. For much of the last 5 years though it seems to have also given the wider world Grimbo or never ending financial Greek limbo.

You’d be forgiven for thinking that the Greek economy must be one of the leading economies in the world for all the fuss that is made of it but the reality is that its entire population is around 11 million, perhaps a little smaller than metropolitan London and dwarfed…

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A New Hope For Greece And Its Economy

notayesmanseconomics's avatarNotayesmanseconomics's Blog

For the second time in a couple of months voters in an election have delivered a result which has surprised the “experts” and pollsters. In the UK we saw the opinion polls misfire badly but yesterday’s events in Greece saw them in even more disarray. The referendum which was supposed to be neck and neck turned out to be as shown below. From the BBC.

The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”.

Accordingly we are left again wondering as to the value and worth of opinion polls as rather than a close result we saw a decisive one.

Some care is also needed in considering what was decided as it was presented by both Euro area politicians and some sections of the media as a vote on the Euro. This was deliberately misleading as Prime Minister Tsipras was…

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