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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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    References listed on IDEAS

    as
    1. George Petrakos & Yannis Psycharis, 2006. "Regional Policy in Greece: An Overview and the Recent Policy Change," ERSA conference papers ersa06p948, European Regional Science Association.
    2. 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.
    3. 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.
    4. Thanos S. Skouras (ed.), 1992. "Issues in Contemporary Economics," International Economic Association Series, Palgrave Macmillan, number 978-1-349-11955-4, December.
    5. George C. Bitros, 1992. "Structural Policies to Unwind the Greek Fiscal Tangle," International Economic Association Series, in: Thanos S. Skouras (ed.), Issues in Contemporary Economics, chapter 3, pages 23-29, Palgrave Macmillan.
    6. Costas Siriopoulos & Dimitrios Asteriou, 1998. "Testing for Convergence Across the Greek Regions," Regional Studies, Taylor & Francis Journals, vol. 32(6), pages 537-546, August.
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    Citations

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    Cited by:

    1. 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).
    2. Helmut Siekmann, 2015. "The Legal Framework for the European System of Central Banks," Financial and Monetary Policy Studies, in: Frank Rövekamp & Moritz Bälz & Hanns Günther Hilpert (ed.), Central Banking and Financial Stability in East Asia, edition 127, pages 43-86, Springer.
    3. Siekmann, Helmut, 2018. "Legal tender in the euro area," IMFS Working Paper Series 122, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    4. George C. Bitros, 2017. "Germany and Greece: A mapping of their great divide and its EU implications," Working Papers 201706, Athens University Of Economics and Business, Department of Economics.

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    More about this item

    Keywords

    European integration; Europeanization; financial assis-tance; convergence; institutional failure;
    All these keywords.

    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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