Want democracy? Leave the eurozone

Greece's election result is academic, says Merryn Somerset Webb. The country is ruled by EU finance ministers and the ECB. The only way to get its freedom back is to leave the eurozone.

150921-tsipras

Greece isn't much of a democracy at the moment but it is still a sovereign nation

I went on Radio 4's Broadcasting House on Sunday morning with Ann Pettifor to talk about the Greek election. The idea was to talk about whether it really mattered who won (you can listen to it here, from about 11 minutes in). The answer, from both of us, was "no, not really."

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.