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Greece’s Economic and Social Transformation 2008–2017

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  • Symeon Mavridis

    (Department of Social Administration and Political Science, Democritus University of Thrace, 69100 Komotini, Greece)

Abstract

Greece has confronted serious financial problems since 2008 when the global financial crisis reached its peak. The disturbance in the markets led to an unprecedented local debt crisis, which has lasted till now. The scope of this research is to examine how the crisis affected the local transformation of the society from 2008 to 2017. For this purpose, the paper made secondary analysis of previous data, reports, articles, as well as other relevant information on basic economic and social factors such as GDP, income per capita, unemployment, social exclusion, poverty and homelessness. Despite the fact that three International Economic Programmes have been adopted by the Greek governments, the country still fights for its financial stability. Furthermore, the consequences of crisis were devastating in society. The state countermeasures have triggered a surge in unemployment, emigration, poverty and exclusion, especially among youngsters. In addition, major national economic and social indicators have significantly worsened.

Suggested Citation

  • Symeon Mavridis, 2018. "Greece’s Economic and Social Transformation 2008–2017," Social Sciences, MDPI, vol. 7(1), pages 1-14, January.
    • Handle: RePEc:gam:jscscx:v:7:y:2018:i:1:p:9-:d:125740
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    References listed on IDEAS

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    2. Serafeim POLYZOS & Dimitrios KANTIANIS & Thomas KRABOKOUKIS, 2024. "Examining The Cross-Industry Relations In The Greek Economy During The Economic Crisis Using I-O Analysis," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 19(4), pages 5-27, November.
    3. Patrizia Ghisellini & Renato Passaro & Sergio Ulgiati, 2021. "Revisiting Keynes in the Light of the Transition to Circular Economy," Circular Economy and Sustainability, Springer, vol. 1(1), pages 143-171, June.
    4. Josie Coburn & Frederique Bone & Andy C. Stirling & Michael M. Hopkins & Jorge Mestre-Ferrandiz & Stathis Arapostathis & Martin J. Llewelyn, 2021. "Appraising research policy instrument mixes: a multicriteria mapping study in six European countries of diagnostic innovation to manage antimicrobial resistance," SPRU Working Paper Series 2021-03, SPRU - Science Policy Research Unit, University of Sussex Business School.
    5. Coburn, Josie & Bone, Frederique & Hopkins, Michael M. & Stirling, Andy & Mestre-Ferrandiz, Jorge & Arapostathis, Stathis & Llewelyn, Martin J., 2021. "Appraising research policy instrument mixes: a multicriteria mapping study in six European countries of diagnostic innovation to manage antimicrobial resistance," Research Policy, Elsevier, vol. 50(4).

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