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Political Economy Perspectives on the Greek Crisis

Debt, Austerity and Unemployment

Editors: Bournakis, I., Tsoukis, C., Christopoulos, D.K., Palivos, T. (Eds.)

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  • Offers an economic explanation to the failures of both the Greek economy as well as systemic failures of the euro architecture and the operations of EU authorities
  • Brings together contributions from economists with a wide range of expertise
  • Contributes to the on-going public debate about the sources of failure of other peripheral EU countries in providing economic prosperity since 2008
  • Provides a balance of theoretical argument, empirical evidence, and a range of perspectives on the Greek case
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eBook £95.50
price for United Kingdom (gross)
  • ISBN 978-3-319-63706-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-63705-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-87618-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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. 

About the authors

Ioannis Bournakis is  Senior Lecturer in Economics at Middlesex University, UK. He has an MSc in Economics and Econometrics from the University of Manchester, UK and a PhD in Economics from the University of Kent, UK. His research interests are in the fields of international trade, economic growth and applied macroeconomics.

Christopher Tsoukis is Senior Lecturer in Economics at Keele University, UK, specialising in macroeconomics. His research interests include behavioural and social macroeconomics, fiscal policy, political economy and the economy of Greece.

Dimitris K. Christopoulos is Professor of Economics at Panteion University in Athens, Greece. Dimitris has a BA in Economics from Athens University of Economics and Business, and a PhD from Panteion University. His main research interests are in the areas of economic growth, economic development, microeconomics and non-linear models.

Theodore Palivos is Professor of Economics at Athens University of Economics and Business and Senior Fellow at the Rimini Center for Economic Analysis. He has a PhD from Penn State University, US. His current research interests are in the areas of labour economics, macroeconomics, and public economics.


Table of contents (16 chapters)

Table of contents (16 chapters)
  • Introduction

    Tsoukis, Christopher (et al.)

    Pages 3-40

  • The Eurozone Crisis: A Near-Perfect Case of Mismanagement

    Wyplosz, Charles

    Pages 41-59

  • The Elusive Promise of Structural Reform

    Rodrik, Dani

    Pages 61-70

  • The Responsibility of the EU

    Grahl, John

    Pages 71-91

  • German Macroeconomic Thought and Its Effects

    Bratsiotis, George (et al.)

    Pages 93-116

Buy this book

eBook £95.50
price for United Kingdom (gross)
  • ISBN 978-3-319-63706-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-63705-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover £119.99
price for United Kingdom (gross)
  • ISBN 978-3-319-87618-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Political Economy Perspectives on the Greek Crisis
Book Subtitle
Debt, Austerity and Unemployment
Editors
  • Ioannis Bournakis
  • Christopher Tsoukis
  • Dimitris K. Christopoulos
  • Theodore Palivos
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-63706-8
DOI
10.1007/978-3-319-63706-8
Hardcover ISBN
978-3-319-63705-1
Softcover ISBN
978-3-319-87618-4
Edition Number
1
Number of Pages
XXIV, 388
Number of Illustrations
35 b/w illustrations
Topics