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How Greece’s Systemic Weaknesses Limited the Effectiveness of the Adjustment Programmes

Author

Listed:
  • Angelos Kotios

    (University of Piraeus)

  • George Galanos

    (Democritus University of Thrace)

  • Manolis Koutoulakis

    (University of Piraeus)

Abstract

This paper examines the main systemic weaknesses of the Greek economy — structural, institutional and political — and assesses whether they were taken effectively into account in the design and implementation of the three adjustment programmes. We conclude that the economic policy mix that has been implemented through the memorandums focused mainly on treating the symptoms of the crisis instead of decisively dealing with its deeper causes.

Suggested Citation

  • Angelos Kotios & George Galanos & Manolis Koutoulakis, 2017. "How Greece’s Systemic Weaknesses Limited the Effectiveness of the Adjustment Programmes," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(5), pages 293-301, September.
    • Handle: RePEc:spr:intere:v:52:y:2017:i:5:d:10.1007_s10272-017-0692-5
    DOI: 10.1007/s10272-017-0692-5
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    Cited by:

    1. Andrés Rodríguez-Pose & Alexandra Sotiriou, 2021. "Trading with richer and poorer countries: trade integration and regional inequality in Greece," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(3), pages 697-725, December.

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