Getting Greece Back on Track: How?

White Paper No. 6, 2011

Michael Haliassos,
Dimitri Vayanos
Research Area:
Macro Finance
Jun 2011
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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