In October 2011, the Ekathimerini published the following letter
“Dear Mr Papandreou,
My name is Theodore Vasilopoulos. I am 11 years old and I live in Athens.
I am writing to you because I have found a solution to Greece’s debt crisis. The government could build a factory that converts solar energy, wind power and waterpower to electrical energy.
Please try to convince countries that we owe money to and ask them if we could pay our debt in energy. It might take a while, but if we have that factory, we might become the most resource-rich nation in the world.
I have listed the advantages of implementing my proposal in point form below.
1) We would be able to pay back our debt for free.
2) We wouldn’t have to buy raw materials from other countries to produce energy (for example coal and petrol).
3) We would get the energy for free.
4) When we pay back the debt, we could continue supplying countries with our alternative energy, making a profit.
5) If the countries appreciate the work we have done, we might be able to stay in the euro.
I hope you seriously consider my proposal. Looking forward to your response.
Theodore Vasilopoulos will soon be two years older but he will sadly have to recognize that there is still no economic development plan for the Greek economy.
It is simply not understandable why no one in Greece (be that the government, the academia, the media, etc.) is coming up at least with a proposal for an economic development plan. A proposal which could serve as the basis for debate. I have made an appeal to Greek brain power once before and I repeat it again here!
Those who think Theodore’s plan won’t work should come up with a better plan; and again with a better plan. And if Greek brainpower gets its act together, there would probably be a fairly decent plan within weeks.
But for heaven’s sake, don’t leave the planning up to 11-year olds!