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The Greek Economic Crisis, Labor Markets and Policies

Author

Listed:
  • Vasiliki Bozani
  • Nick Drydakis

Abstract

The historic decision at the Euro Summit on July 12, 2015, to continue supporting Greece as a member of the EU and the euro family, provided Greece the chance to return to growth and sustainability, provided it takes the necessary steps to continue with its reforms. Jointly the Greek government with its partners (European Commission, European Central Bank and the International Monetary Fund), agreed that the success of economic policy decisions would be determined by the concentration on social policies. Policy initiatives should view reforms not as a debate between more versus less regulation, but rather as a matter of good versus bad regulation. Encouraging productive investment represents one of the main engines to sustain not just recovery but also promote productive transformations. Moreover one of the most pressing priorities for the Greek government should be to provide immediate support to vulnerable groups, to help alleviate the impact of the economic crisis, and set the stage for stable future economic growth.

Suggested Citation

  • Vasiliki Bozani & Nick Drydakis, 2015. "The Greek Economic Crisis, Labor Markets and Policies," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 84(3), pages 129-143.
    • Handle: RePEc:diw:diwvjh:84-3-8
    DOI: 10.3790/vjh.84.3.129
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    Citations

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    Cited by:

    1. Drydakis, Nick, 2022. "Economic recession, parental unemployment and adolescents' health-related quality of life and mental health outcomes in Greece," GLO Discussion Paper Series 1134, Global Labor Organization (GLO).

    More about this item

    Keywords

    Economic crisis; labor markets; policies;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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