Greece In The Euro Zone Crisis An Analysis Of The Competitiveness Problem Of The Greek Economy


Greece In The Euro Zone Crisis An Analysis Of The Competitiveness Problem Of The Greek Economy
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Greece In The Euro Zone Crisis An Analysis Of The Competitiveness Problem Of The Greek Economy


Greece In The Euro Zone Crisis An Analysis Of The Competitiveness Problem Of The Greek Economy
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Author : Matthias Kistl
language : en
Publisher: GRIN Verlag
Release Date : 2017-11-20

Greece In The Euro Zone Crisis An Analysis Of The Competitiveness Problem Of The Greek Economy written by Matthias Kistl and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-20 with Business & Economics categories.


Seminar paper from the year 2015 in the subject Economics - Other, grade: 1,3, Johannes Gutenberg University Mainz (Gutenberg School of Management & Economics), course: Dealing with Economic Crises, language: English, abstract: The paper is divided into five parts: after the introduction, there is a theoretical chapter which deals with the general idea of competitiveness and scientific solutions for countries that get into a situation in which they have to regain competitiveness in order to improve their growth rates. The theoretical fundament of the paper will be followed by the third part which includes the empirical examination of the Greek competitiveness problem. Based on various data, it will be shown that Greece experienced a conspicuous loss of competitiveness compared to other euro zone member countries. Moreover, it will be become evident that Greece could skip necessary structural reforms due to declining interest rates and missing discipline within the euro zone. Afterwards, a short description of the counter policies and measures that were implemented or omitted will be given before analyzing the degree of achievement. One implication will be that Greece undertook great effort, but also could have done better in many respects. The fourth part will pick up the results of the empirical analysis and show that both the Troika and the Greek government acted imperfectly, but that structural reforms currently remain the best opportunity to reach a status of sufficient competitiveness again. The paper is rounded off by a conclusion.



The Greek Economy And The Crisis


The Greek Economy And The Crisis
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Author : Panagiotis Petrakis
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-10-27

The Greek Economy And The Crisis written by Panagiotis Petrakis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-27 with Political Science categories.


The book “The Greek Economy and the Crisis. Challenges and Responses” targets all those who think about the present and future of this (culturally) long-lived small geographic region (Greece), to form a personal view of its social and economic problems. A society that repeats the same types of behaviour over the centuries does not do so due to random mistakes. It contains intrinsic forces that affect it. These should be understood, to allow us to delineate future developments. However, the manner in which the social and economic process is perceived must be comprehensive and multidisciplinary: Economics, politics, social psychology and organizational psychology are essential to this analysis. Thus, the book is useful to those seeking information for their professional, scientific and personal development, allowing them to shape their social attitude. It is also useful to those responsible for taking decisions at national, European or enterprise level, in relation to the social and economic problems of Greece.



The European Debt Crisis And Its Effects On Germany S Economic Competitiveness


The European Debt Crisis And Its Effects On Germany S Economic Competitiveness
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Author : Christian Tschäbunin
language : en
Publisher: GRIN Verlag
Release Date : 2017-08-01

The European Debt Crisis And Its Effects On Germany S Economic Competitiveness written by Christian Tschäbunin and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-01 with Business & Economics categories.


For Germany, as a strongly export-oriented economy, competitiveness on the international markets is of critical importance for its wealth and economic growth. A loss of competitive advantages could therefore severely affect the German economy. The aim of this book is to answer the question if and in what way this threat affected Germany’s economic competitiveness during the European debt crisis. The results will then be used to further define the publicly dominant disadvantages as well as possible advantages for Germany as a consequence of the crisis. In the end, the book also has the objective to give policy recommendations for the euro crisis from a German perspective. The results can subsequently contribute to the discussion whether Germany’s current policy is really „without any alternative“. In order to achieve the overall research goal, a combination of literature review and comprehensive data analysis is used. First of all, to provide a first „pillar“ of contextual background for the following analysis, an overview of the development and causes of the European debt crisis is given by referring to existing literature. Also, this section presents the financial and economic consequences of the described events in a graphical manner. Secondly, to construct the second pillar of conceptual framework, the term „economic competitiveness” is defined by a comprehensive literature review. Emphasis is put upon the concept of „ability to sell” and the measurement method of the country rankings while a short overview of other concepts is also provided. Finally, in combining theory and practice, an in-depth data-based analysis of the development of Germany’s economic competitiveness is given. With the help of various publicly available data sources, Germany’s ability to sell and other competitiveness metrics are tracked and elaborated on over the last centuries, with a special emphasis on the timeframe of the European debt crisis. Furthermore, comparisons to other countries are made to emphasize characteristics unique to Germany. Ultimately, the results of the analyses are evaluated and concluded in a short discussion about Germany’s current policy in the euro crisis. In this book: - the European debt crisis; - the role of Germany; - competitiveness; - prosperity; - ability to sell



Political Economy Perspectives On The Greek Crisis


Political Economy Perspectives On The Greek Crisis
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Author : Ioannis Bournakis
language : en
Publisher: Springer
Release Date : 2017-11-27

Political Economy Perspectives On The Greek Crisis written by Ioannis Bournakis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-27 with Business & Economics categories.


This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing.



The Politics Of Extreme Austerity


The Politics Of Extreme Austerity
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Author : G. Karyotis
language : en
Publisher: Springer
Release Date : 2015-03-24

The Politics Of Extreme Austerity written by G. Karyotis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-24 with Political Science categories.


This volume investigates the policies and politics of extreme austerity, setting the crisis in Greece in its global context. Featuring multidisciplinary contributions and an exclusive interview with former Greek Prime Minister George Papandreou, this is the first comprehensive account of the economic crisis at the heart of Europe.



The Evolution Of The Greek Economy


The Evolution Of The Greek Economy
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Author : Panagiotis E. Petrakis
language : en
Publisher: Springer Nature
Release Date : 2020-10-31

The Evolution Of The Greek Economy written by Panagiotis E. Petrakis and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-31 with Business & Economics categories.


This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book addresses current geostrategic dimensions as well as the current structure of institutions and culture in Greece. The second part presents the evolution of sustainability, governance, and inclusivity, as well as the evolution of culture in Greek society and insights into the production prototype. The third part of the book looks forward to what lays ahead for Greece up to 2030. It presents the theoretical background for two scenarios: the normal scenario (business as usual, including the effects of the recent Covid-19 pandemic) and the optimal scenario (a pro-growth scenario including increases of Total Factor Productivity through structural reforms). In presenting these scenarios, the book discusses issues ranging from a comparative analysis between Greece and the Eurozone, the developments in output gap and potential output, public debt, competitiveness, basic macroeconomic variables, a detailed analysis on investments, and inclusive growth.



The European Debt Crisis


The European Debt Crisis
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Author : Costas Simitis
language : en
Publisher: Manchester University Press
Release Date : 2016-05-16

The European Debt Crisis written by Costas Simitis and has been published by Manchester University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-16 with Political Science categories.


In this book, former Greek Prime Minister Costas Simitis examines the European debt crisis with particular reference to the case of Greece. Greece was the first Eurozone country to face an enormous deficit, which reached 15% of GDP in 2009. As the Greek crisis unfolded, other Eurozone countries displayed identical symptoms, albeit in varying degrees of severity. From a strictly Greek predicament the debt crisis quickly turned into a problem for the European Union as a whole. This first English language translation investigates the causes of this spillover and chronicles the policy responses to combat it. It also discusses Greece’s troubled political economy, the country’s difficulties in adjusting to the demands of its creditors and the vehement social and political reactions to the policy of austerity. Through his comprehensive and authoritative analysis, Simitis provides valuable insights into the crucial interconnection between Greece’s own economic troubles and the wider European search for macroeconomic stability and sustainable economic growth. As such, the book appeals well beyond those with a narrow academic interest in Greece. This is very much a discussion about the future of the Eurozone and the European Union as a whole.



Reflections On The Greek Sovereign Debt Crisis


Reflections On The Greek Sovereign Debt Crisis
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Author : Aristidis Bitzenis
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2014-09-26

Reflections On The Greek Sovereign Debt Crisis written by Aristidis Bitzenis and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-26 with Political Science categories.


The euro was generally considered a success in its first decade. Nevertheless, the “unanticipated” financial crisis in the summer of 2007 has developed gradually into the worst global economic crisis in post-war economic history and a sovereign debt crisis, calling into question the endurance of positive externalities under the current form of European economic integration. The experience of double-dip recessions in the core of the euro-area and the occurrence of a deflationary spiral in its southern periphery brings into question the wisdom of fiscal consolidation via austerity in the adjustment programmes adopted to exit the crisis. They also put into doubt the adequacy and efficiency of the European Economic and Monetary Union’s core elements, its political instruments and macroeconomic assumptions, as can be seen in the role of the Stability and Growth Pact and the stance of the European Central Bank. The title of this collective volume refers to the country where the European sovereign debt crisis began, while its contents concentrate on the extent to which this crisis should be a national or a European concern. Moreover, the focus on Greece stimulates discussion about the neglected factor of the shadow economy and the potential to boost government revenue through its successful transfer to the formal economy. The chapters address the inefficiencies of both euro-area institutions and policies adopted to exit the current predicament. Experts from several disciplines review the literature and critically evaluate the existence of issues such as contagion effects, domino effects, deflationary spirals, institutional efficiency and the reality of the option to exit the euro-area.



Who S To Blame For Greece


Who S To Blame For Greece
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Author : Theodore Pelagidis
language : en
Publisher: Springer
Release Date : 2018-01-16

Who S To Blame For Greece written by Theodore Pelagidis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-16 with Business & Economics categories.


Praise for the first edition: 'The new book by Michael Mitsopoulos and Theodore Pelagidis offers insightful analysis of the Greek drama. It makes fascinating reading and well demonstrates that the blame is widely shared.' André Sapir, University Professor, Université libre de Bruxelles, Belgium, and former Economic Advisor to the President of the European Commission 'Who is to blame for Greece? If I could pick just two experts on the Greek debacle to answer this question it would be Theodore Pelagidis and Michael Mitsopoulos. And thankfully they have done just that in this penetrating analysis of what has happened to Greece over the past five years. It's a timely and incisive work and no one gets off easy a must read.' Landon Thomas, Jr, Financial Reporter, New York Times, USA This expanded and enlarged second edition of Theodore Pelagidis and Michael Mitsopoulos’ popular Who’s to Blame for Greece? (2016) reviews Greece's economy since its accession to the Monetary Union, with new research focusing on the perils of the populist Syrizia government during the critical 'Grexit' period of 2015-2016. The authors also focus on political developments since that time and in particular propose a new form of taxation as well as explore debt sustainability in relation to Greece's economic challenges. This book will appeal to researchers, practitioners and policy makers interested in the EU and the political economy of Greece and offers valuable updates on the first edition.



Funding The Greek Crisis


Funding The Greek Crisis
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Author : Constantinos Ikonomou
language : en
Publisher: Academic Press
Release Date : 2018-06-15

Funding The Greek Crisis written by Constantinos Ikonomou and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-15 with Business & Economics categories.


How does one distinguish between European Union investments that improve welfare and those that create economic malaise? Funding the Greek Crisis: The European Union, Cohesion Policies, and the Great Recession explores the sources of the Greek Crisis that lie primarily in EU policies that appeared to have worked better for other countries but not for Greece. Without overly simplifying the Greek condition, it provides insights into policies the countries of the euro area may need to implement in order to ensure collective cohesion and individual success. Arguing that EU preferences for autonomous investments discouraged organic development with lasting implications, Funding the Greek Crisis sheds new light on the nature of regional competitiveness and public economics. Encompasses public economics, macroeconomics, international trade, competitiveness, microeconomics and regional development studies Sheds light on key policies that affect millions of EU citizens Examines Solow’s growth model Provides a different way of explaining growth from real business cycle theory