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Social Security — or the Lack of it

In: The Greek Economy

Author

Listed:
  • Nicholas G. Pirounakis

    (Economic Research and Analysis Ltd)

Abstract

With an ageing population and a weak economy, Greece is set to face a most difficult situation in the near future as the time bomb of her social security plight keeps ticking.2 But Greece’s alarming demographics are only partly to blame for what is happening: atrocious state policies pursued over many years made it impossible for social insurance organisations to manage their finances effectively or even prudently. In addition, not keeping welfare policies clearly apart from the running of business enterprises or of the civil service resulted in gross inefficiencies and waste in both the welfare and the production fields. Solutions are now hard to find, and much harder to apply.

Suggested Citation

  • Nicholas G. Pirounakis, 1997. "Social Security — or the Lack of it," Palgrave Macmillan Books, in: The Greek Economy, chapter 7, pages 151-169, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37486-7_8
    DOI: 10.1057/9780230374867_8
    as

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