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Political Economy Perspectives on the Greek Crisis - Debt, Austerity and Unemployment (Hardcover, 1st ed. 2017)
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Political Economy Perspectives on the Greek Crisis - Debt, Austerity and Unemployment (Hardcover, 1st ed. 2017)
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This book offers a comprehensive guide to the on-going Greek debt
crisis. It identifies and explains Greece's idiosyncratic
weaknesses, and highlights the existing rigidities in the EU
architecture that make the recovery prospects of the Greek economy
challenging. Chapters from expert contributors highlight aspects of
the performance of the Greek economy with focus on export
performance, labour market conditions, political cycles and
regional income disparities. The book then goes on to outline the
banking system in Greece in the post-crisis era, and includes
analysis that explains how the credit rating score affected
Greece's borrowing capacity prior to the start of the insolvency
crisis. The final part analyses and compares alternative scenarios
of fiscal consolidation, seeking to identify whether there are
alternatives to fiscal austerity and the impact of each one of
them. This section also clarifies various misconceptions about the
significant determinants of international competitiveness. Despite
the focus of the book, the lessons drawn from the chapters are not
limited to Greece. This volume will be of interest to academics,
practitioners and policy makers who wish to take a closer look at
the Greek debt crisis and learn more about the challenges the Greek
economy is currently facing.
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