Who’s to Blame for Greece?: How Austerity and Populism are Destroying a Country with High Potential

Description

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 departure from the European 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. Front Matter ....Pages i-xix Introduction (Theodore Pelagidis, Michael Mitsopoulos)....Pages 1-5 Front Matter ....Pages 7-7 The Costs and Benefits for Joining a Common Currency with Emphasis on Weaker Member States: The Pre-Crisis Debate (Theodore Pelagidis, Michael Mitsopoulos)....Pages 9-27 Greece Before the Crisis: The Critical Years in Domestic Politics (Theodore Pelagidis, Michael Mitsopoulos)....Pages 29-64 IMF and EU Reports on Greece (Theodore Pelagidis, Michael Mitsopoulos)....Pages 65-103 Front Matter ....Pages 105-105 The Troika Period Reconsidered (Theodore Pelagidis, Michael Mitsopoulos)....Pages 107-132 Assessing the Intentions of the Government(s) Since the Ratification of the Maastricht Treaty (Theodore Pelagidis, Michael Mitsopoulos)....Pages 133-173 Front Matter ....Pages 175-175 Greece: Why Did the Forceful Internal Devaluation Fail to Kick-Start an Export-Led Growth? (Theodore Pelagidis, Michael Mitsopoulos)....Pages 177-215 Giving Greece a Chance to Succeed: Think About the Private Sector, for a Change (Theodore Pelagidis, Michael Mitsopoulos)....Pages 217-267 Structural Differences Ensure Permanent Shock Trends that Play into the Above. A Closer and More Democratic Union to Heal Economic Asymmetries and Help Southern European Countries Such as Greece (Theodore Pelagidis, Michael Mitsopoulos)....Pages 269-278 Front Matter ....Pages 279-279 The Rise of Populism in Greece and the Impact on the Economy (Theodore Pelagidis, Michael Mitsopoulos)....Pages 281-296 Recent Developments (Theodore Pelagidis, Michael Mitsopoulos)....Pages 297-311 Conclusions (Theodore Pelagidis, Michael Mitsopoulos)....Pages 313-320 Back Matter ....Pages 321-341