Papandreou Talks to Bloomberg about Greece's Debt Crisis and the US Economy

George PapandreouFormer Prime Minister of Greece George Papandreou shared his experiences and challenges during his time in office, as well giving his take on the US economy, when he appeared as a guest on Bloomberg TV.

“What can Washington learn from your experience in Athens?” was the journalist’s first question, while in the caption below, viewers could read: “Is America the new Greece?”

According to what George Papandreou said from Baltimore, “there is not an inherent problem in the US economy” but, in his opinion, the problem there is simply political. Papandreou supported that this political problem of the US poses a problem around the world, as it questions the credibility of America. “When I was facing the problem with the markets, I had three deficits; one was the budget deficit; two was the current account deficit, and the third was the credibility deficit. My worst problem was the credibility deficit.”

The ex Prime Minister of Greece during the first years of the crisis asked for a referendum in order to gain a wider consensus, this however, ended up in a “political coalition.”

When Papandreou mentioned a referendum, it provoked a laugh from Bloomberg’s presenter who responded “You are killing me Prime Minister, a referendum here would be like the last straw.”

About the US, Papandreou said that “I think the main issue is how do you give your citizens a voice about the political issues.”  Although he didn’t directly offer a referendum as a solution for the U.S., he placed emphasis on the importance of people being heard. “Sometimes you find more sanity in the citizens,” he said.

You can watch the video below:


10 COMMENTS

  1. Former PM Papandreou spoke very well during his interview on Bloomberg. His worse problem among the three was the “credibility deficit” he stated. Absolutely correct. Greece has NO CREDIBILITY because of the CORRUPTION among politicians and business people to the ordinary day citizens. The Greek GOVERNMENT WAS CORRUPT and continues to be corrupt. PASOK and ND are all liars and APATEONES who stole all the money from the state and dried up the country. Where is this ill gotten money? LaGarde list, villas and mansions built on the best of the Greek islands, luxury cars and jewelry and high society life for all those who stole from the country. It’s all in BLACK n WHITE.
    Papandreou should be arrested for treason. He is a traitor to Greece and the Greek citizens. He protected all his corrupt buddies in Parliament and outside Parliament. Former PM Papandreou escaped to the USA with no remorse.
    He should be prosecuted and put to jail!

    • Why is the USA and Bloomberg even giving this idiot Papandreou a public talking space??? — because no one wants to hear him in Greece, only to hang him in front of Parliament by the neck!

  2. Say what you want about Papandreou and many don’t like him in Greece, but he is a friend of America, and very pro-American, so in some ways, he gets good points for that. When is the last time you heard one of the KKE or Syriza guys, or even the Golden Dawn guys praise America. So, sure, he crapcanned Greece, but at least he’s Pro-American right?

    • I beg to differ. So what he is pro-American? He was born, raised and educated in America even though he’s been in the Greek parliament for over 20 years. Being pro -American means what? Many don’t like him neither in Greece nor in America (Greek Americans that is). Why? Do you know Greek political history? Ever heard of PASOK ? Do you know what PASOK did in 1981? You know what Andreas did? He brought over all his buddies from Canada, Germany and the USA and formed he political party called PASOK. Ever heard of Tsohatzopoulos, Simitis, etc….? The epitome of Nepotism, fraud, scandals, and corruption that ruled Greece consecutively with ND for 40 years. Free handouts and government public employees by the thousands in favor of votes.
      So what PM Papandreou is pro-American? With his referendum call and the credit default swaps helped his brother a hedge fund manager in Europe and others short sell ( European and USA stock markets) and helped them make billions on inside -trading went the markets went down a significant amount those 2 days.
      I know your defense is that he had nothing to do with his father and grandfather right? I suggest you open up a history book and educate yourself on PM G. Papandreou. Three generations of a family that brought disgrace and demise to what is now know as the “Economic crisis of Greece.”

      • Fascinating stuff. Ok, but if what you say is correct, why do the US media interview him and take his word as valuable? Just curious here.

        • You have to ask Bloomberg why they interview him not me. I don’t have an answer for you. Who says they take his word as valuable? PM Papandreou has no credibility none whatsoever. You should go ask the academic Deans of Harvard and Columbia why he was invited to lecture in the first place to young bright minds which the entire world found it to be appalling and a joke!

    • Get stuff, you ignorant fool… Papandreaou has destroyed our Greece by being “a stoolie and friend” of your puppet Pres. Obama– Get real!

  3. Why is anyone in America listening to this FRAUD and Clown?? Why doesn’t the USA & Greek Justice System investigate Papandreou and his criminal gangs from PASOK & New Democracy Parties after taking out 250 million Euros in “bogus loans” from Greek Banks they never paid a cent back yet??? His Government of Thieves, Liars & Crooks created all the problems in Greece today. It was PASOK & ND Parties who created Golden Dawn and the Far Left by their corrupt rule and mismanagement of Greece. (Akis Tzahadzopolous from PASOK is just one example of their corruption).

    1.) Why isn’t PASOK’s MP Venizelos in jail for hiding the Legarde List 2
    years in his home?

    2.) Why isn’t PASOK’s Finance MP Papconstantiou in jail for removing his
    relative’s names on the List?

    3.) What about PASOK & ND Parties still owing 250 million Euros to the
    Banks in phony loans they have not paid back a cent back yet?

    It’s clear the Gov’t and Press is using the “bafoon” Papandreaou as a “distraction” to take attention away from the Massive Crimes these two corrupt Parties have committed as well as High Treason against the whole Greek nation after 39 years of corrupt rule– Papandreaou and his PASOK Party is hated in Greece now!

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