Download or read book Crisis Reform and the Way Forward in Greece written by Calliope Spanou and published by Routledge. This book was released on 2021-08-24 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses different aspects of Greece’s political economy during the past decade and reflects on the country’s path ahead, examining the major question: did this challenging period succeed in providing a window of opportunity for deeper institutional and societal change? The authors seek to contribute to the discussion of the dynamics of stability and change, of the nexus between external pressure and domestic agency. Greece offers a most interesting case study, as much in analytical as in empirical terms. Never before did a euro area member require three macroeconomic adjustment programmes under stringent policy conditionality and external supervision. This experience shattered past certainties and reshaped the political landscape. A decade later Greece was starting to recover and received international recognition for its reform efforts. However, the COVID-19 pandemic provided an external shock that risks derailing such achievements. The volume includes chapters by academics and researchers from different professional backgrounds: history, economics, public law, political science, public administration and political economy. Their diverse experience and viewpoints contribute to multidimensional analyses in subject areas such as Greece’s constitutional structure, public sector reforms, labour market developments, China’s expanding investment footprint and product market reforms.

Download or read book Greece s Horizons written by Pantelis Sklias and published by Springer Science & Business Media. This book was released on 2013-04-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Greek economic crisis has imperilled the stability of the eurozone, generating much global anxiety. Policymakers, analysts, and the media have daily debated the course of the Greek economy, prescribing ways to move forward. This collection of essays progressively moves from an analysis of the causes of the crisis and the policy responses so far to a debate on some of the countryʼs advantages and capabilities that should underpin its new development model and propel the return to growth. The book analytically chooses to view the glass as half-full and seeks to provide motivation and inspiration for change by indicating some of the economic sectors where Greece maintains a comparative advantage. Therefore, it challenges the emerging picture of Greece as a country doomed to failure, where everything falls apart.

Download or read book The Political Economies of Turkey and Greece written by Mustafa Kutlay and published by Springer. This book was released on 2018-08-07 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic policies of reactive states such as Turkey and Greece, both of which have shown limited ability to implement institutional reforms in recent years, have paved the way for deep crises. The crises are devastating for both societies’ social fabric, but they also open up the opportunity to introduce new economic regimes. They do, however, not always invite changes in dominant paradigms. Despite weak state capacity and deep economic crisis in both cases, substantial reforms were initiated in Turkey whilst an opposite trend prevailed in Greece. Drawing on field research, this book develops a political economy framework that explains reform cycles and post-crisis outcomes in reactive states.

Download or read book Bust written by Matthew Lynn and published by John Wiley & Sons. This book was released on 2010-12-21 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.

Download or read book Greece in the 21st Century written by Vassilis Fouskas and published by Routledge. This book was released on 2018-03-14 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most of the first part of the 21st century Greece has been seen as a critical battlefield for the survival of the powerful and the adjustment or extinction of the weak, as if all the historical contradictions of the global financial crisis and the eurozone crisis were concentrated in that tiny part of the world, with a population of just 11 million people and a GDP of less than 2% of that of the European Union as a whole. While the country has been overpowered by the disciplinarian and deeply authoritarian policy mix of ordoliberal/neoliberal rules, as this book attempts to show, there is hope. Defeat does not end the crisis, and crisis means constant opportunity. In this state of affairs, all types of agencies try to take advantage of the conditions and opportunities in order to advance towards positions of power and provide the best of solutions for the class interests they represent. Thus, harsh conflict is inevitable and if history provides a yardstick, it is that in periods of conflict and crisis, the winner, usually, is the one who manages to strike the right political and social alliances at the right time. The editors have assembled in this volume a number of interdisciplinary chapters and arguments which, despite their differences, share the strategic aim of a critique of both neoliberalism/ordoliberalism and new authoritarianism. Chapters examine the eurozone crisis from a variety of angles with reference to Greece, and Greek politics and society. With this collection of heterodox and scholarly essays, the authors and editors aim to offer a progressive understanding of current historical circumstances. Constantine Dimoulas is an Assistant Professor in social administration and evaluation of social programmes at Panteion University, Greece. Vassilis K. Fouskas is Professor of international politics and economics at the University of East London, UK, and the founding editor of the Journal of Balkan and Near Eastern Studies (Taylor & Francis).

Download or read book Beyond Crisis written by John Holloway and published by PM Press. This book was released on 2020-02-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The government led by Syriza in Greece, elected in January 2015, at first seemed to be the most radical European government in recent history. It proclaimed itself the “Government of Hope” and throughout the world symbolized the hope that radical change could be achieved through institutional politics. The referendum of July 2015 rejected the austerity imposed by the banks and the European Union but was followed by a complete reversal of the government’s position and its acceptance of that austerity. The collapse of hope that accompanied the failure of the institutional Left opened the way to the return of the right-wing New Democracy Party, with a more aggressive program than ever. The essays collected in Beyond Crisis, among other things, form a case study of the “Greek experiment” that points to deeper implications concerning the global upsurge of disillusioned anger that has spurred the rise of far-right populism and support for strong leaders, exclusion of ethnic minorities, and greater “racial purity.” The Syriza government’s dramatic crash showed the limits of institutional politics, a lesson apparently overlooked by the enthusiastic followers of Jeremy Corbyn and Bernie Sanders. But it also poses profound questions for those who reject state-centered politics. The anarchist or autonomist movement in Greece has been one of the strongest in the world, yet it has failed to have a significant impact in opening up alternative perspectives. So how do we pick up the pieces? What direction should we follow from now on? How do we understand what happened and learn from it? The essays in this collection do not point to a single conclusion or path forward but rather raise questions that remain open about how to move beyond the current crisis amid a darkening sky of seeming impossibility.

Download or read book Crisis Movement Strategy The Greek Experience written by and published by BRILL. This book was released on 2018-09-04 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2010 Greece entered a period of extreme austerity measures, but also of intense struggles and protests. Social and political crisis led to tectonic shifts in the political landscape and the rise to power of SYRIZA. However, despite the impressive expression of resistance in the 2015 referendum, the EU-IMF-ECB ‘Troika’ managed to impose the continuation of the same politics of austerity, privatisations, and neoliberal reforms. This social and political sequence poses important theoretical and analytical questions regarding capitalist crisis, public debt, European integration, political crisis, the new forms of protest and social movements, and the rise of neo-fascist parties. It also brings forward all the open questions regarding radical left-wing strategy today. The contributions in this volume attempt from different perspectives to deal with some of these theoretical and strategic questions using the Greek experience as a case study. Contributors include: George Economakis, Stavros Mavroudeas, Ioannis Zisimopoulos, Alexios Anastasiadis, Maria Markaki, George Androulakis, Despina Paraskeva-Veloudogianni, Eirini Gaitanou, Alexandros Chrysis, Euclid Tsakalotos, Spyros Sakellaropoulos, Panagiotis Sotiris, Giannis Kouzis, Yiorgos Vassalos, Christos Laskos, Angelos Kontogiannis-Mandros.

Download or read book From Stagnation to Forced Adjustment written by Stathis Kalyvas and published by Oxford University Press, USA. This book was released on 2013-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since Greece's 1974 transition to democracy there has been constant talk of reforms. Major changes in its economy, society, and polity have attempted to bring Greek institutions and policies in line with more developed West European countries. Some reforms have come to fruition, others have recurred over the years, while others have been spasmodic and elusive. This book sets out the background to Greece's current political and economic crisis, examining its three decades of stop-start reforms and their political and institutional consequences.

Download or read book The Politics of Extreme Austerity written by G. Karyotis and published by Springer. This book was released on 2015-03-24 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates the policies and politics of extreme austerity, setting the crisis in Greece in its global context. Featuring multidisciplinary contributions and an exclusive interview with former Greek Prime Minister George Papandreou, this is the first comprehensive account of the economic crisis at the heart of Europe.

Download or read book Beyond Debt written by Nikos Tsafos and published by Createspace Independent Publishing Platform. This book was released on 2013-03-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did Greece, with less than 3% of the population of the European Union, become the epicenter of Europe's "existential crisis?" Why did Greece opt for an obligation-laden bailout rather than default or leave the Eurozone, as many said it should? Could it have avoided the disappointments that followed, including needing a second bailout, holding repeat elections, and swearing in its fourth prime minister in a year? The conventional narrative answered these questions by viewing the Greek crisis as the result of a "flawed currency union." Many economists, moreover, thought Greece was foolish to seek a bailout rather than renege on its debts or leave the Eurozone. And as the crisis deepened, economists again blamed the international community for pushing "austerity" onto Greece. Beyond Debt offers a different account of this crisis. It sees it, first and foremost, as a Greek crisis, best understood through the lens of Greek history, politics and economics. The crisis was triggered by global events, but it was not caused by them. As the book shows, Greece's chosen path-a bailout-made infinitely more sense than either a default or the abandonment of the common currency that many economists called for. And while others see "austerity" as the problem for Greece's woes after the bailout, Beyond Debt blames instead an indecisive government that could not see reform through to the end.

Download or read book After the Crisis written by Francesco Caselli and published by Oxford University Press. This book was released on 2016 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume discusses the way forward for European countries as they face the challenges of a period of protracted growth in the wake of the economic and sovereign debt crisis.

Download or read book Who s to Blame for Greece written by Theodore Pelagidis and published by Springer Nature. This book was released on 2021-05-07 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This expanded and enlarged third edition of Theodore Pelagidis and Michael Mitsopoulos’ popular Who’s to Blame for Greece? covers almost a decade of Greece's economic crisis from 2009 to 2019, as well as recent developments in the first months of 2020. It provides an overview of recent developments in the Greek economy and outlines the most important obstacles to a return to robust and sustainable growth rates. It considers the new optimism being developed in Greece after the crisis, but also the policy challenges facing Greece emanating from a deeply hurt economy in the aftermath of the crisis and the structural problems that persist. The book covers the most recent issues that affect the Greek economy including, the migration crisis at the borders with Turkey as well as a faltering global economy hit by the Covid-19 pandemic. This book will appeal to researchers, practitioners and policy makers interested in the EU and the political economy of Greece and offers valuable updates on the second edition.

Download or read book Greek Culture After the Financial Crisis and the Covid 19 Crisis written by Panagiotis E. Petrakis and published by Springer Nature. This book was released on 2021-08-29 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the evolution in human thought, action, and behavior as a result of the 2008 fi nancial crisis and the Covid-19 crisis. Through the presentation and analysis of data, as recorded for at least a decade, and using the Greek economy as a case study, the authors examine the changes in social and human capital, increasingly risk-averse behavior, and changes in people’s general psyche and economic action in Greek society and economy.

Download or read book Greece s Horizons written by Pantelis Sklias and published by Springer. This book was released on 2013-04-16 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Greek economic crisis has imperilled the stability of the eurozone, generating much global anxiety. Policymakers, analysts, and the media have daily debated the course of the Greek economy, prescribing ways to move forward. This collection of essays progressively moves from an analysis of the causes of the crisis and the policy responses so far to a debate on some of the countryʼs advantages and capabilities that should underpin its new development model and propel the return to growth. The book analytically chooses to view the glass as half-full and seeks to provide motivation and inspiration for change by indicating some of the economic sectors where Greece maintains a comparative advantage. Therefore, it challenges the emerging picture of Greece as a country doomed to failure, where everything falls apart.

Download or read book Clientelism and Economic Policy written by Aris Trantidis and published by Routledge. This book was released on 2016-04-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: With its deep economic crisis and dramatic political developments Greece has puzzled Europe and the world. What explains its long-standing problems and its incapacity to reform its economy? Using an analytic narrative and a comparative approach, the book studies the pattern of economic reforms in Greece between 1985 and 2015. It finds that clientelism - the allocation of selective benefits by political actors (patrons) to their supporters (clients) - created a strong policy bias that prevented the country from implementing deep-cutting reforms. The book shows that the clientelist system differs from the general image of interest-group politics and that the typical view of clientelism, as individual exchange between patrons and clients, has not fully captured the wide range and implications of this phenomenon. From this, the author develops a theory on clientelism and policy-making, addressing key questions on the politics of economic reform, government autonomy and party politics. The book is an essential addition to the literatures on clientelism, public choice theory, and comparative political economy. It will be of key interest to scholars and students of European Union politics, economic policy and party politics.

Download or read book Understanding the Crisis in Greece written by M. Mitsopoulos and published by Springer. This book was released on 2011-01-19 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the tensions in the Greek economy take centre stage in the international headlines, this book examines the failed policies and political corruption that have bankrupted the nation. The authors comment on recent bailouts and haircuts and explore the uncertain future of Greece in the Eurozone.

Download or read book Reforming the Greek Pension System written by Mr. Alvar Kangur and published by International Monetary Fund. This book was released on 2021-07-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.