This was due not only to his expressed love for Greece and its heavy cultural heritage, but mainly to his strong belief in the European values and in the basic principle of keeping the Eurozone together. He fervently defended Greece’s place in the European family, by deeply understanding and recognising the efforts that the Greek people had made to preserve the country’s hard-won place.
For some time economic thought - and not it alone - has underscored that the properties of efficiency of the markets in an economy cannot be considered ignoring “social capital”, defined as the body of institutions, social norms and trust and reciprocity in formal and informal networks of relations that foster collective action and are a resource for creating welfare.