Jump to content

Elena Panaritis

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Neoellinas (talk | contribs) at 17:25, 1 June 2015 (→‎Fujishock). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Elena Panaritis
Elena Panaritis
Academic career

Elena Panaritis (Greek: Έλενα Παναρίτη) is a Greek economist, social entrepreneur, policy innovator and the new representative of Greece to the International Monetary Fund (June 2015).[1] She has worked at the World Bank and has been a Member of the Greek Parliament from 2009 until 2012 (with PASOK). She is working towards change in crisis-stricken Europe and Greece through her Foundation "Thought for Action" that promotes improved governance and institutional, or "structural", reforms.

Life and career

Panaritis is an economist, property rights expert, and social entrepreneur. In more than a decade as an economist at the World Bank, Panaritis spearheaded several institutional reforms, particularly property rights reform in Peru that after these reforms fell into default. Her book Prosperity Unbound: Building Property Markets with Trust (Palgrave Macmillan) recounts her experience and expounds on her methodology Elena Panaritis "Reality Check Analysis".[2]

She is the founder of Panel Group, a triple-bottom-line advisory group that invests in undervalued property and provides counsel to governments and private sector participants on transforming illiquid real estate and related public policy. Panel Group also mentions that Elena Panaritis was named a genius by Bill Clinton and given US Citizenship on that basis.[3] She has served as an MP and a special advisor to the Papandreou government in Greece on efforts for public sector reform and reduction in informality. She was elected President of COMSUD (the Commission of Parliamentarians of the Mediterranean countries) in late 2009. Panaritis has taught economic development, housing finance and property markets reform courses at the Wharton Business School, University of Pennsylvania, INSEAD, and the Johns Hopkins University Elena Panaritis School of Advanced International Studies (SAIS).[citation needed] She is fluent in Spanish, English, French, Italian, and has basic knowledge of German.[citation needed]

In early 2012 Panaritis said she was "confused" and argued fervently against the unreasonable austerity measures included in the second IMF Memorandum for the Greek economic crisis.[4] When she later signed that Memorandum, it was argued that such sudden change in faith was one of the causes of confusion and shock in the Greek people's minds at the time.[5]

Work

Elena Panaritis is the author of "Prosperity Unbound: Building Property Markets with Trust" (Palgrave Macmillan, 2007). She engaged actively in Greek politics regarding public sector reform and reduction of informality. Panaritis, along the lines of “triple-bottom-line” model of social entrepreneurship, founded Panel Group, a specialized advisory group that provides counsel and technical expertise in transforming informality (illiquid real assets). The firm leverages Panaritis’ methodology and knowledge in creating stable property rights systems around the world, and applies reform techniques funded entirely through private investment.[citation needed]

Panaritis argues for a properly valued property system in the context of the economic crisis in Greece, the current global economic and financial crisis, and the ongoing efforts to restore growth by reforming illiquid/informal markets both in the developed and transition economies. Earlier she spent years convincing policymakers, development organizations, and local stakeholders in Peru that transformation of informal property rights is possible and that it carries sustainable economic, financial and social dividends. She has worked in numerous countries identifying informality and developed the methodology “Reality Check Analysis” as a diagnostic tool that may lead to the tailored solution of transforming informality to robust formal markets. Panaritis was awarded the International Best Practice and Innovation award.[citation needed]

Fujishock

Panaritis' reform work in Peru was implemented by the Alberto Fujimori regime and earned the na,e "Fujishock". While some macroeconomic figures improved on paper in the short-term before dropping off once again, and while the global financial community was satisfied with the reforms being undertaken by the Peruvian government, "Fujishock" led millions of people into poverty, as prices on everyday consumer goods rose radically. Panaritis specifically served as the World Bank's country analyst for Peru between 1991 and 1993[6], during which 150,000 properties in Peru were privatized and numerous state enterprises were also privatized. In her position, Panaritis supervised the privatization and debt restructuring program of Peru and maintained the dialogue between the Peruvian government and its lenders, during which Peru repaid debts owed to international lenders. From 1994-1997, Panaritis served in the World Bank's "Private Sector Development Division" and advised the Fujimori government on "reform programs for better service delivery" while managing ¥155.2 million in funding from Japan for the continued implementation of Peru's privatization program.[7] Fujimori's government faced allegations of authoritarianism, corruption, human rights violations, and allegations of mass population sterilisations and mass executions. Fujimori is currently serving a jail sentence based on these charges, including use of death squads and other human rights violations. The implementation of "Fukishock" ended after the 2000 elections. [8] [9] [10][11]

Notes

  1. ^ Stamouli, Nektaria (May 29, 2015). "Greek Finance Ministry Nominates Varoufakis Aide as IMF Representative". THE WALL STREET JOURNAL. Retrieved May 30, 2015.
  2. ^ [1]
  3. ^ Elena Panaritis, Panel Group –
  4. ^ 11 02 12 Ομιλία Έλενα Παναρίτη (Βουλή)
  5. ^ Το κουτί της Πανδώρας, Εκπομπή: Ο φόβος του φόβου
  6. ^ http://www.bridgingdevelopment.org/panaritis/ElenaCV-.htm
  7. ^ http://www.bridgingdevelopment.org/panaritis/ElenaCV-.htm
  8. ^ http://www.mongabay.com/history/peru/peru-impact_of_the_fujishock_program.html
  9. ^ http://the-spark.net/np748402.html
  10. ^ http://mondediplo.com/2004/05/08sterilisation
  11. ^ https://roides.wordpress.com/2009/09/30/30sept09b/

Template:Persondata

Retrieved from "https://en.wikipedia.org/w/index.php?title=Elena_Panaritis&oldid=665043963"