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European Union failures in Greece and some possible explanations

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  • Bitros, George C.

Abstract

The European Union (EU) failed repeatedly to hold Greece accountable for violations of the Treaties it signed over the past five decades. In particular, the EU not only did not express reservations in the face of these violations, but on two crucial occasions, in 1979 and again in 2000, it even rewarded Greece with concessionary decisions, which contributed significantly to its present calamities. Hence, there arises the following question: How can we explain these EU failures in the case of Greece? The objectives of this paper are twofold: First, to highlight the circumstances which prompted the EU Authorities to treat Greece as a special case, and second, to sketch briefly the rudiments of an answer to the preceding question.

Suggested Citation

  • Bitros, George C., 2013. "European Union failures in Greece and some possible explanations," MPRA Paper 45017, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:45017
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    File URL: https://mpra.ub.uni-muenchen.de/45017/1/MPRA_paper_45017.pdf
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    References listed on IDEAS

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    1. Costas Siriopoulos & Dimitrios Asteriou, 1998. "Testing for Convergence Across the Greek Regions," Regional Studies, Taylor & Francis Journals, vol. 32(6), pages 537-546, August.
    2. George Petrakos & Yannis Psycharis, 2006. "Regional Policy in Greece: An Overview and the Recent Policy Change," ERSA conference papers ersa06p948, European Regional Science Association.
    3. Katsimi, Margarita & Moutos, Thomas, 2010. "EMU and the Greek crisis: The political-economy perspective," European Journal of Political Economy, Elsevier, vol. 26(4), pages 568-576, December.
    4. Bitros, George C. & Karayiannis, Anastassios D., 2010. "Morality, institutions and the wealth of nations: Some lessons from ancient Greece," European Journal of Political Economy, Elsevier, vol. 26(1), pages 68-81, March.
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    Citations

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    Cited by:

    1. Siekmann, Helmut, 2015. "The legal framework for the European System of Central Banks," SAFE White Paper Series 26, Goethe University Frankfurt, Research Center SAFE - Sustainable Architecture for Finance in Europe.
    2. Siekmann, Helmut, 2015. "Exit, exclusion, and parallel currencies in the euro area," IMFS Working Paper Series 99, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    3. Siekmann, Helmut, 2015. "The legal framework for the European system of central banks," IMFS Working Paper Series 89, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

    More about this item

    Keywords

    European integration; Europeanization; financial assis-tance; convergence; institutional failure;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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