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Institutional Change in Greek Industrial Relations in an Era of Fiscal Crisis

  • Horen Voskeritsian
  • Andreas Kornelakis
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    The main aim of this paper is to contribute to the ongoing debate on the facets of the Greek crisis via an analysis of the changes in the institutional framework of the labour market that are introduced as a result of the EU/IMF mechanism for financial support. The paper tries to make sense of the immense transformations in the Greek industrial relations system and to evaluate the direction of change, using insights from the varieties of capitalism literature. In this strand of literature it is well established that the comparative institutional advantage and high economic performance of a country depends on its overall institutional arrangement and the fit between different institutions (including the industrial relations sphere). Thus, it is important to examine the current injection of liberal market elements in the Greek industrial relations realm vis-à-vis the wider institutional context. This will allow us to gauge the suitability and chances for the implementation of IMF’s ‘one-size-fits-all’ policies.

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    File URL: http://www.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE52.pdf
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    Paper provided by Hellenic Observatory, LSE in its series GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe with number 52.

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    Date of creation: Nov 2011
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    Handle: RePEc:hel:greese:52
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    Web page: http://www.lse.ac.uk/europeanInstitute/research/hellenicObservatory/

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