Reforms or Bankruptcy?

Publication: Policy Letter No. 5, 2011
Topic Area: Macro Finance
Authors: Michael Haliassos
Date: Jun 2011
Keywords: Greek economic crisis, public debt, structural reforms
Abstract:

Almost 20 Greek academic economists from renowned universities in Europe and the US have prepared a one-page statement regarding the Greek crisis. In their statement the economic experts call upon the Greek public to accept the economic program of structural reforms, privatization, efficient tax collection, and shrinking of the public sector proposed and financed by the EU partners and the IMF. Among the signatories are this year's Nobel Prize winner Christopher Pissarides and Michalis Haliassos, Director of the Center for Financial Studies and Professor for Macroeconomics and Finance at the House of Finance.

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