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The Experience of Greece: Delayed Adjustment

In: Shaping the New Europe

Author

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  • Loukas Tsoukalis

Abstract

Greece’s accession to the EC in 1981, marked the end of a period of almost 20 years in which relations with the EC-6 and later the EC-9 were governed by the most comprehensive Association Agreement ever signed by the EC with a third country (Tsoukalis, 1981). The period of membership can be divided into two distinct subperiods: the first one ending in the late 1980s or early 1990s (depending on the criterion used), and the second from then to the present day. The first subperiod was characterized by a significant deterioration of Greece’s economic performance, which also coincided with difficult relations with the rest of the EC/EU (Kazakos and Ioakimidis, 1994; Featherstone and Ifantis, 1996; Allison and Nicolaidis, 1997). During those years Greece was often portrayed as an awkward partner and an example to avoid.

Suggested Citation

  • Loukas Tsoukalis, 2004. "The Experience of Greece: Delayed Adjustment," Palgrave Macmillan Books, in: Michael A Landesmann & Dariusz K Rosati (ed.), Shaping the New Europe, chapter 10, pages 265-272, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52369-2_11
    DOI: 10.1057/9780230523692_11
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