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The Prologue to the Greek Crisis

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Neubäumer, R. The Prologue to the Greek Crisis. Vierteljahrshefte zur Wirtschaftsforschung, 84(3), 9-28. https://doi.org/10.3790/vjh.84.3.9
Neubäumer, Renate "The Prologue to the Greek Crisis" Vierteljahrshefte zur Wirtschaftsforschung 84.3, 2015, 9-28. https://doi.org/10.3790/vjh.84.3.9
Neubäumer, Renate (2015): The Prologue to the Greek Crisis, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 84, iss. 3, 9-28, [online] https://doi.org/10.3790/vjh.84.3.9

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The Prologue to the Greek Crisis

Neubäumer, Renate

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 84 (2015), Iss. 3 : pp. 9–28

3 Citations (CrossRef)

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Renate Neubäumer, University of Landau

Cited By

  1. Handbook of Energy Governance in Europe

    Energy Governance in Greece

    Tsagkari, Marula

    2022

    https://doi.org/10.1007/978-3-030-43250-8_12 [Citations: 1]
  2. STATE AND DEVELOPMENT OF INDUSTRIAL AND PUBLIC SECTOR IN COMPARISON OF GREECE WITH THE REST OF THE WORLD

    Papadopoulou, Kyriaki

    Entrepreneurship, Vol. v8 (2020), Iss. 2 P.27

    https://doi.org/10.37708/ep.swu.v8i2.3 [Citations: 0]
  3. Handbook of Energy Governance in Europe

    Energy Governance in Greece

    Tsagkari, Marula

    2020

    https://doi.org/10.1007/978-3-319-73526-9_12-1 [Citations: 2]

Abstract

This paper analyzes the prologue to the Greek tragedy–in particular, the long period of slow growth after Greece joined the European Union and the short period of very strong growth following its adoption of the euro–and deduces reform proposals. Ultimately, a growth strategy should contain three interrelated bundles of measures: First, an improvement of the institutional environment, which currently makes it difficult to do business in Greece and thus leads to too little investment. Second, a reorganization of public finances and the creation of a leaner, more efficient administration, as well as a reform of the pensions system. Third, an expansion of the industrial basis and the modern sector in order to build a strong export basis. All of these measures entail comprehensive changes to Greece"s economy and Greek society, and the majority of Greeks must therefore be in favor of them. The alternative is to opt for moderate reforms and to return to the old path of low growth and a lower living standard.