Murphy Institute Professor Sean Sweeney just returned from Athens, where he delivered a presentation entitled Third Memorandum or Grexit: What are the implications for the Future of Greece’s Energy System? at the Democracy Rising conference. In his talk, Sweeney explained:
…[E]nergy will be at the heart of the struggles in Greece in the years ahead, Memorandum or Grexit. Energy poverty has grown with austerity and recession, and Syriza has taken measures to protect the poorest and most vulnerable from, for example, electricity disconnections.
But it is clear that the structure of Greece’s energy system also needs to change. The “Institutions”, through the Memorandum, have a clear sense of what restructuring energy means for them—full-on privatization. However, a left restructuring would seek to address two major challenges: firstly, Greece’s dependence on fossil fuel imports and, secondly, how to take advantage of its potential to generate large amounts of renewable energy.
Sweeney presents a thorough analysis of Greece’s choices given the country’s uncertain future and the real, pressing need for “a new economy and a new society.”
Access the full presentation at Trade Unions for Energy Democracy.