I have in mind Warren Buffet's wise words: "Can you really explain to a fish what is like to walk on land? One day on land is worth a thousand years talking about it, and one day running a business has exactly the same kind of value."
foto from weeklywordnews
Mary Buffet has also added on Warren's words of wisdom: "As they say in the military, it's all fun and games until someone starts shooting back. The same applies to the business world. Dealing with real manufacturating problems and getting and keeping real customers is what seperates the academics from the managerial real world." I would add the same applies to national economy.
If you take a look at the resume of the Greek Minister for Finance, you ll see that: "Papakonstantinou studied economics in England, holding a B.Sc. from the London School of Economics, an M.A. from the New York University, and a PhD in economics from London School of Economics. He worked for ten years (1988-1998) as a senior economist at the Organization for Economic Co-operation and Development (OECD) in Paris.
With his return in Greece, in 1998 he was appointed advisor to former Prime Minister Costas Simitis on Information Society issues. (Jee! why you or I haven t been working close to the Prime Minister???)
Two years later he was appointed Special Secretary for the Information Society at the Ministry of Economy and Finance (2000-2002). Between 2002 and 2004 he served as a member of the Council of Economic Advisors, he was a board member of OTE (Greece's largest telecoms company), and was the Greek representative to the EU Economic Policy Committee (EPC). In 2003 he coordinated the "Lisbon Strategy" for economic and social reforms during the Greek Presidency of the EU. ......bla bla bla No real work!!!!
What actually does he think? He can mess with Financial Institutions or people that have studied at the university of life??? Of course exactly like that was Alogoskoufis former Minister for Finance.
Is it only a greek obsession to have public relations academics governing us??