Getting Greece Back on Track: How?

Publication: White Paper No. 6, 2011
Topic Area: Macro and Finance
Authors: Michael Haliassos,
Dimitri Vayanos
Date: Jun 2011
Keywords: financial crisis, structural reforms, productivity

The economic crisis in Greece is not a simple consequence of the recent global financial crisis, but is due to deep structural problems of the Greek economy that have accumulated over decades. Consequently, the solution to the crisis is also long-term and consists in a series of structural reforms that will take years. The paper discusses three key reform areas.

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