This title was first published in 2001. This text looks at the welfare state, democracy and globalization, with a focus on Europe. It covers the concepts and limitations of democracy and ponders the fate of the welfare state in Europe.

This title was first published in 2001. Investigating the consequences of restrictive austerity policies and the downsizing of the welfare state this edited collection reflects on possible ways out by analyzing economic developments, social conflicts, legal forms and the prevailing directions of economic policy. According to official figures, around 9.5 per cent of the working population of the European Union is unemployed. Fifteen million European citizens are officially looking for work. In other countries such as the US, the increasing wage inequality has marginalized large parts of the population. The precipitous rise in unemployment (mainly in Europe) and income inequality (mainly in the USA) as well as the weakening of democratic and welfare institutions in almost every developed nation have caused huge social and political problems in recent years.

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.

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.

This book analyses several aspects on the efficient resource allocation in the aftermath of the global financial crisis and the European sovereign debt crisis. The main focus of the volume is on recent European Union (EU) experience highlighting the interrelation between inherent structural rigidities and practical limitations in the conduct of sound economic policy. Special reference is made to Greece (evidencing unprecedented experience), the EU periphery countries and the US. This book will be of interest to academic and central bank researchers, business practitioners (in consultancy and finance) and graduate students, as it is a good example of how scholarly dialogue can contribute to contemporary high-quality policy debate on sound liquidity provision and financial stability in the Eurozone, as well as the effective ways to combat recession in the EU periphery countries.

Praise for the first edition: 'The new book by Michael Mitsopoulos and Theodore Pelagidis offers insightful analysis of the Greek drama. It makes fascinating reading and well demonstrates that the blame is widely shared.' Andre Sapir, University Professor, Universite libre de Bruxelles, Belgium, and former Economic Advisor to the President of the European Commission 'Who is to blame for Greece? If I could pick just two experts on the Greek debacle to answer this question it would be Theodore Pelagidis and Michael Mitsopoulos. And thankfully they have done just that in this penetrating analysis of what has happened to Greece over the past five years. It's a timely and incisive work and no one gets off easy a must read.' Landon Thomas, Jr, Financial Reporter, New York Times, USA This expanded and enlarged second edition of Theodore Pelagidis and Michael Mitsopoulos' popular Who's to Blame for Greece? (2016) reviews Greece's economy since its accession to the Monetary Union, with new research focusing on the perils of the populist Syrizia government during the critical 'Grexit' period of 2015-2016. The authors also focus on political developments since that time and in particular propose a new form of taxation as well as explore debt sustainability in relation to Greece's economic challenges. 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 first edition.

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.

As the tensions in the Greek economy take centre stage in the international headlines, this book examines the working of the Greek political system and the way it relates with the Greek society. It investigates how and why Greece is just the first, prototype country of the fall of the western debt party.

This book analyses several aspects on the efficient resource allocation in the aftermath of the global financial crisis and the European sovereign debt crisis. The main focus of the volume is on recent European Union (EU) experience highlighting the interrelation between inherent structural rigidities and practical limitations in the conduct of sound economic policy. Special reference is made to Greece (evidencing unprecedented experience), the EU periphery countries and the US. This book will be of interest to academic and central bank researchers, business practitioners (in consultancy and finance) and graduate students, as it is a good example of how scholarly dialogue can contribute to contemporary high-quality policy debate on sound liquidity provision and financial stability in the Eurozone, as well as the effective ways to combat recession in the EU periphery countries.

Praise for the first edition: 'The new book by Michael Mitsopoulos and Theodore Pelagidis offers insightful analysis of the Greek drama. It makes fascinating reading and well demonstrates that the blame is widely shared.' Andre Sapir, University Professor, Universite libre de Bruxelles, Belgium, and former Economic Advisor to the President of the European Commission 'Who is to blame for Greece? If I could pick just two experts on the Greek debacle to answer this question it would be Theodore Pelagidis and Michael Mitsopoulos. And thankfully they have done just that in this penetrating analysis of what has happened to Greece over the past five years. It's a timely and incisive work and no one gets off easy a must read.' Landon Thomas, Jr, Financial Reporter, New York Times, USA This expanded and enlarged second edition of Theodore Pelagidis and Michael Mitsopoulos' popular Who's to Blame for Greece? (2016) reviews Greece's economy since its accession to the Monetary Union, with new research focusing on the perils of the populist Syrizia government during the critical 'Grexit' period of 2015-2016. The authors also focus on political developments since that time and in particular propose a new form of taxation as well as explore debt sustainability in relation to Greece's economic challenges. 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 first edition.

Two Greek economic analysts explain the Greek financial crisis -from beginning to end. The first section of Greece: From Exit to Recovery? explores the lead up to to Greece's adoption of the euro. Authors Theodore Pelagidis and Michael Mitsopoulos believe that the ensuing challenges were foreseeable. In fact, the authors posit that it was Greece's difficultly in dealing with those challenges that sparked the euro crisis. Section II analyzes discrete sectors of the economy, paying special attention to labor and finance - and the mistakes creditors made in focusing on reducing Greek incomes - rather than increasing competitiveness on non-labor costs. Section III investigates why Greek companies spend relatively little on research and development? The authors' analysis indicates that policy decisions largely determine R & D performance in the private sector, and they advance a number of specific policy proposals to improve the situation.