Who's to blame for Greece?: austerity in charge of saving a broken economy
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London
Palgrave Macmillan
2016
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xv, 236 Seiten Illustrationen |
| ISBN: | 9781137549198 |
Internformat
MARC
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| 245 | 1 | 0 | |a Who's to blame for Greece? |b austerity in charge of saving a broken economy |c Theodore Pelagidis (NR Senior Fellow, Brookings, USA and Professor of Economics, University of Piraeus, Greece) and Michael Mitsopoulos |
| 264 | 1 | |a London |b Palgrave Macmillan |c 2016 | |
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| 650 | 4 | |a Politik | |
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| 650 | 4 | |a Fiscal policy |z Greece | |
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| 651 | 4 | |a Griechenland | |
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Datensatz im Suchindex
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Contents
List of Figures and Tables xi
About the Authors xv
1 Introduction 1
Part I The "Party Period" before the Crisis
2 The Costs and Benefits for Joining a Common
Currency with Emphasis on Weaker Member States:
The Pre-Crisis Debate 7
2.1 Potential sources of conflicts/costs:
de-synchronization of business cycles 7
2.2 Demand disturbances and trade 10
2.3 Responses to labor market rigidities 11
2.4 Shortage of money stocks for the peripheral countries 14
2.5 External imbalances 15
2.6 The effect of a monetary union on trade
between member states 16
2.7 Ten years of EMU (2000-2009):
convergence or divergence prevailed? 18
3 Greece before the Crisis: The Critical Years
in Domestic Politics 25
ЗЛ The discussion in the Greek Parliament ahead of the
ratification of the Maastricht Treaty 26
ЗЛ.1 References to the strategic advantages of EMU
membership and issues that relate to the common
currency area and the chances of success of the
country In it 28
ЗЛ.2 References to the impact on employment 31
ЗЛ.З References to the impact on the macro-environment 31
ЗЛ.4 References with regard to institutions, structural
reforms and the role of the state in the economy 31
ЗЛ.5 References with regard to tax evasion
and tax reforms 34
ЗЛ.6 References with regard to the issue of fiscal
consolidation 34
vtt
viii Contents
3.2 Various other debates and key speeches in the Greek
Parliament during the term of the government that
brought the Maastricht Treaty for ratification
by the Greek Parliament 35
3.2.1 The role of Greece in Europe and the chances
of success 3 8
3.2.2 Employment and education 40
3.2.3 Growth enhancing structural reforms, privatizations,
and infrastructure projects and the role of the state
in the economy 40
3.2.4 Fiscal stabilization 45
4 IMF and EU Reports on Greece 56
4.1 IMF reports during the accession period ('90s) and
the 2000—2009 "golden years" 56
4.1.1 Assessment of the EMU accession 59
4.1.2 References to labor market policies 60
4.1.3 Recommendations for structural reforms
in product markets and professional services
and the content of these 62
4.1.4 References with regard to fiscal consolidation
and the content of the related initiatives 64
4.1.5 References to the reliability of statistics/extra-
budgetary expenditure items 68
4.2 The implementation of the conditionality program:
fiscal consolidation and the issue of spending cuts
vs revenue increases 68
4.2.1 Research with regard to the policy mix
of fiscal adjustments 74
4.2.2 IMF progress reports on the Greek
Conditionality Program 77
4.3 European Union bodies' reports and decisions 80
4.3.1 Annual country specific recommendations
by the Council, and European Commission
recommendations to the Council 81
4.3.2 The decision to admit Greece to the euro area 85
Part n Greece's Free Fall 2010-2013
5 The Troika Period Reconsidered 93
5.1 The Greek public finances and debt: a brief overview 93
Contents ix
5.2 The ran up to the memorandum 101
5.3 What the memorandum initially provided 101
5.4 Implementing the memorandum as of
September 2011 and the Medium Term Fiscal Strategy 103
5.5 Incentives and unraveling the impasse 107
Appendix to Chapter 5: OECD structural indicators in
key network industries 110
6 .Assessing the Intentions of the Government(s) since the
Ratification of the Maastricht Treaty 117
6.1 The 1990-1993 program, design, and implementation 117
6.2 The 2010 program: design, implementation,
and comparison with the 1990-1993 approach 118
6.3 The "internal devaluation" fallacy of 2010-2012 123
6.4 The other side of the internal devaluation
fallacy - the approach to the labor market
deregulation during 2010-2012 127
6.5 The lack of a strategy to enhance growth - in Greece
and in Europe 136
6.6 The private sector death-trap: undermining the
financial sector, jeopardizing macroeconomic stability,
and questioning the European future of the country 139
6.6.1 The Private Sector Involvement (PSI) 140
6.6.2 Euro area exit 145
Part XU Looking Ahead
7 Greece: Why Did the Forceful Internal Devaluation
Fail to Kick-start an Export-Led Growth? 155
7.1 Introduction 155
7.2 Employment 156
7.3 Wages and earnings 159
7.4 Labor cost indexes and exports 181
7.5 Conclusions and further remarks 192
8 Giving Greece a Chance to Succeed 195
9 How to Design a Closer and More Democratic Union 205
9.1 The compromise of the euro area: common monetary,
national seal, and structural policies 205
9.2 Evaluating the current structure of powers and
democratic mandates 206
x Contents
9.3 How changes in the structure of the democratic
mandates can secure a "cioser and more
democratic" Union 209
9 A The roie of European parties 215
lO Conclusions 218
Afterword 225
The Greek Bail-out Drama: ïs This Time Different? 225
Author Index 228
Subject Index 230 |
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| spelling | Pelagidēs, Thodōrēs Verfasser (DE-588)142586366 aut Who's to blame for Greece? austerity in charge of saving a broken economy Theodore Pelagidis (NR Senior Fellow, Brookings, USA and Professor of Economics, University of Piraeus, Greece) and Michael Mitsopoulos London Palgrave Macmillan 2016 xv, 236 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Europäische Union (DE-588)5098525-5 gnd rswk-swf Geschichte Politik Wirtschaftspolitik Fiscal policy Greece Monetary policy European Union countries History 21st century Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Fiskalpolitik (DE-588)4071234-5 gnd rswk-swf Wirtschaftskrise (DE-588)4066466-1 gnd rswk-swf Europäische Union. Mitgliedsstaaten Griechenland Greece Economic policy 21st century European Union countries Politics and government Eurozone (DE-588)7553526-9 gnd rswk-swf Griechenland (DE-588)4022047-3 gnd rswk-swf Griechenland (DE-588)4022047-3 g Fiskalpolitik (DE-588)4071234-5 s Wirtschaftskrise (DE-588)4066466-1 s Europäische Union (DE-588)5098525-5 b Eurozone (DE-588)7553526-9 g Wirtschaftspolitik (DE-588)4066493-4 s b DE-604 Mētsopulos, Michalēs 20./21. Jh. Verfasser (DE-588)142586447 aut Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028600093&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Pelagidēs, Thodōrēs Mētsopulos, Michalēs 20./21. Jh Who's to blame for Greece? austerity in charge of saving a broken economy Europäische Union (DE-588)5098525-5 gnd Geschichte Politik Wirtschaftspolitik Fiscal policy Greece Monetary policy European Union countries History 21st century Wirtschaftspolitik (DE-588)4066493-4 gnd Fiskalpolitik (DE-588)4071234-5 gnd Wirtschaftskrise (DE-588)4066466-1 gnd |
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| title | Who's to blame for Greece? austerity in charge of saving a broken economy |
| title_auth | Who's to blame for Greece? austerity in charge of saving a broken economy |
| title_exact_search | Who's to blame for Greece? austerity in charge of saving a broken economy |
| title_full | Who's to blame for Greece? austerity in charge of saving a broken economy Theodore Pelagidis (NR Senior Fellow, Brookings, USA and Professor of Economics, University of Piraeus, Greece) and Michael Mitsopoulos |
| title_fullStr | Who's to blame for Greece? austerity in charge of saving a broken economy Theodore Pelagidis (NR Senior Fellow, Brookings, USA and Professor of Economics, University of Piraeus, Greece) and Michael Mitsopoulos |
| title_full_unstemmed | Who's to blame for Greece? austerity in charge of saving a broken economy Theodore Pelagidis (NR Senior Fellow, Brookings, USA and Professor of Economics, University of Piraeus, Greece) and Michael Mitsopoulos |
| title_short | Who's to blame for Greece? |
| title_sort | who s to blame for greece austerity in charge of saving a broken economy |
| title_sub | austerity in charge of saving a broken economy |
| topic | Europäische Union (DE-588)5098525-5 gnd Geschichte Politik Wirtschaftspolitik Fiscal policy Greece Monetary policy European Union countries History 21st century Wirtschaftspolitik (DE-588)4066493-4 gnd Fiskalpolitik (DE-588)4071234-5 gnd Wirtschaftskrise (DE-588)4066466-1 gnd |
| topic_facet | Europäische Union Geschichte Politik Wirtschaftspolitik Fiscal policy Greece Monetary policy European Union countries History 21st century Fiskalpolitik Wirtschaftskrise Europäische Union. Mitgliedsstaaten Griechenland Greece Economic policy 21st century European Union countries Politics and government Eurozone |
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