How To Restore The Greek Economy

Author : Dr. Niaz Ahmed Khan
Publisher : AuthorHouse
Page : 109 pages
File Size : 45,7 Mb
Release : 2014-12-23
Category : Business & Economics
ISBN : 9781496997906

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How to Restore the Greek Economy by Dr. Niaz Ahmed Khan Pdf

This book is specially meant to change the world order by removing poverty, debts of the state by collecting much more revenue than the annual budget without taxes within the shortest period of time of thirty days, reduce inflation, create industrial revolution, reduce the cost of living by at least half, start of interest free banking, kick start of ailing economics, end of terrorism, eradication of drug abuse and improvement in the law and order situation. This seems to be an illusion but this has been proved mathematically and economically in the book and is based on hard facts which are incentive based and are acceptable to human nature. Tax and interest are two worst enemies of mankind causing all these problems which every country is facing. By removing these two evils once can achieve all the above benefits within no time and this is the main object of the book. A new and innovative methodology has been applied theoretically on Greece in this book with astonishing results proving all the above points beyond any doubt. A reward of one million dollar is being offered who can disprove these facts. With the result that even the poorest stat will become self sufficient without foreign aid then naturally the role of IMF, World Bank and all the other lending agencies will come to an abrupt end hence it will not be an exaggeration to say that IMF has been hanged. One has to read this book to find out the real truth as it is going to become the economic revolution of the century based on incentive principles to suit the human nature and this will change the economic system of the world which depends upon interest and taxes which are against the human nature. In the last fifty years no advancement has been made in the field of economics although every year there are thousands of PhDs awarded and there is at least one noble prize winner in this field. None of their work has ever helped or eased the sufferings of mankind which in fact are the creation of the so called economic wizards. All the great economics of supper powers are under greatest threats of recession today and they hire the top economists of the world whose job is to solve these problems but with their backward and out of date knowledge confuse these states by juggling the figure of three rates; Inflation rate, Interest rate and the Exchange rate. In fact all these economic giants should rethink and open their minds to the changing world order and think of practical economics which will help the nations and stop projecting theories which have no values to help anybody in the world.

Author : Ioannis Bournakis,Christopher Tsoukis,Dimitris K. Christopoulos,Theodore Palivos
Publisher : Springer
Page : 388 pages
File Size : 55,7 Mb
Release : 2017-11-27
Category : Business & Economics
ISBN : 9783319637068

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Political Economy Perspectives on the Greek Crisis by Ioannis Bournakis,Christopher Tsoukis,Dimitris K. Christopoulos,Theodore Palivos Pdf

This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing.

Author : N. Pirounakis
Publisher : Springer
Page : 343 pages
File Size : 49,5 Mb
Release : 1997-08-13
Category : Business & Economics
ISBN : 9780230374867

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The Greek Economy by N. Pirounakis Pdf

The European Union's weakest economy is in crisis. This makes Greece's participation in European Monetary Union doubtful and weakens her security against mounting foreign pressures. She must improve her economic performance dramatically. The book explains why Greece has lost ground and covers growth, inflation, public debt, banking, social security, industry, housing and tourism. The social and political roots of the crisis are identified. The road for recovery is outlined. Passionately written, it is also a rich source of data on Greece not readily found elsewhere.

Author : Panagiotis E. Petrakis,Pantelis C. Kostis
Publisher : Springer Nature
Page : 157 pages
File Size : 49,5 Mb
Release : 2020-09-15
Category : Business & Economics
ISBN : 9783030470791

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Policies for a Stronger Greek Economy by Panagiotis E. Petrakis,Pantelis C. Kostis Pdf

This book presents a comprehensive economic plan for Greece to encourage growth and avoid future crises. This book emphasizes structural reforms and the rational financial management and analysis of private and investment infrastructures. This book also looks at the country's production and places an emphasis on revitalizing its technological structure. The analysis in this book includes policy implementation (in the short-, medium- and long-term) across important topics such as sustainability, inclusivity, pro-growth social behavior, and dynamic economic growth. This book takes an evolutionary economics perspective, looking at important structures throughout society like governance, political functioning, cultural attitudes, and growth. With its comprehensive approach, this book is crucial reading for scholars and policymakers interested in the Greek economy.

Author : Congressional Research Service
Publisher : Createspace Independent Publishing Platform
Page : 24 pages
File Size : 53,8 Mb
Release : 2017-05-05
Category : Electronic
ISBN : 1546483683

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The Greek Debt Crisis by Congressional Research Service Pdf

Since 2009, Greece has grappled with a serious debt crisis. Most economists believe that Greece's public debt, 180% of Greek gross domestic product (GDP), is unsustainable. The ramifications of the debt have been felt throughout the Greek economy, which contracted by 25% from its pre-crisis level. A fifth of Greeks are unemployed, with youth unemployment at nearly 50%, and the Greek banking system is unstable. Although other Eurozone governments, the International Monetary Fund (IMF), and the European Central Bank coordinated a substantial crisis response, Greece continues to face serious economic challenges. The economic crisis in Greece is also one of several major challenges currently facing the 28-member European Union (EU) that have heightened concerns about the legitimacy and structure of the EU and its institutions and raised questions about the bloc's future shape and character. Acrimonious debates among European leaders about the appropriate response to the Greek crisis and other challenges have heightened political tensions in Europe that could negatively affect the EU over the longer term. In particular, the crisis in Greece has exposed problems with the institutional architecture of the Eurozone, whose member states share a common currency and monetary policy, but retain national control over fiscal and banking policies. Recent Developments and Outlook In the short-term, attention is focused on whether the Greek government can make 6.3 billion (about $6.7 billion) in debt payments falling due in July. The Greek government and European creditors are in negotiations to unlock disbursements of financial assistance to the Greek government that would allow it to make the July repayments. If an agreement cannot be reached, Greece may again default on its debt. A key issue in current negotiations is the role of the IMF. The IMF did not participate in the third rescue package for Greece, but left open the possibility of doing so at a later date. The IMF is pushing the Greek government to implement pension and tax reforms and pushing European creditors to grant debt relief to Greece. After seven years through the crisis, how the crisis will ultimately be resolved remains unclear. Possible scenarios could include (1) Europeans continue to "muddle through" the crisis, providing financial assistance to Greece in exchange for reforms, while keeping Eurozone membership in tact; (2) Europeans provide greater flexibility to Greece on debt relief and reforms, allowing Greece to grow out of the crisis while maintaining membership in the Eurozone; or (3) an eventual splintering of the Eurozone, with Greece choosing or being forced to leave the euro in favor of a national currency ("Grexit"). Issues for Congress Impact on the U.S. Economy: Although direct U.S. exposure to Greece is limited, Europe as a whole is a major economic partner of the United States. The pace of economic recovery in the Eurozone and in Greece is expected to pick up, albeit at a still relatively low rate, but should ease some of the pressure on financial stability and on the dollar. IMF Involvement: Some analysts criticize IMF involvement in Greece, particularly extending large loans when questions surrounded the sustainability of Greek debt. Other analysts argue that IMF programs in Greece were critical for stemming contagion and ensuring stability in the global economy. U.S.-European Cooperation: The United States looks to Europe for partnership in addressing a range of global challenges. Political tensions in Europe and a focus on the Greek crisis could prevent the EU from focusing more intently on other key U.S.-European policy priorities, such as deterring Russian aggression in Ukraine and Eastern Europe and responding to conflict in the Middle East and North Africa.

Author : Costas Meghir,Christopher A. Pissarides,Dimitri Vayanos,Nikolaos Vettas
Publisher : MIT Press
Page : 728 pages
File Size : 41,8 Mb
Release : 2017-10-13
Category : Business & Economics
ISBN : 9780262339223

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Beyond Austerity by Costas Meghir,Christopher A. Pissarides,Dimitri Vayanos,Nikolaos Vettas Pdf

Prominent economists present detailed analyses of the conditions that made Greece vulnerable to economic crisis and offer policy recommendations for comprehensive and radical change. More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous. Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent. Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the eurozone. In Beyond Austerity: Reforming the Greek Economy, leading Greek economists from institutions both within and outside Greece, take a broader and deeper view of the Greek crisis, examining the pathologies that made Greece vulnerable to the crisis and the implications for the entire eurozone. Each chapter takes on a specific policy area, examining it in terms of Greece's economic reality and offering possible directions for policy. The topics range from macroeconomic issues to markets and their regulation to finance to the public sector. Individual chapters address the costs and benefits of participation in the eurozone, Greece's international competitiveness, taxation, pensions, the labor market, privatization, product markets, finance, education, healthcare, corruption, the justice system, and public administration. The contributors argue that Greek institutions require a deep overhaul rather than quick fixes to enable long-term growth and prosperity.

Author : United States. Economic Cooperation Administration
Publisher : Unknown
Page : 68 pages
File Size : 55,5 Mb
Release : 1949
Category : Greece
ISBN : UOM:39015004165802

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Greece by United States. Economic Cooperation Administration Pdf

Author : Athanasios Lykogiannis
Publisher : University of Missouri Press
Page : 307 pages
File Size : 52,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 9780826263667

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Britain and the Greek Economic Crisis, 1944-1947 by Athanasios Lykogiannis Pdf

In October 1944, the National Unity Government of newly liberated Greece faced a severe inflationary crisis. Although Greece could count on considerable assistance and advice from its allies, particularly Great Britain, much depended on Greece's own actions and its determination to restore economic normality. Success was meager, and by the time the British pulled out of Greece in the spring of 1947, economic stability remained elusive. Britain and the Greek Economic Crisis, 1944-1947 concentrates on Anglo-Greek interactions in economic matters during the political and economic turmoil between the Axis occupation of Greece and the Greek civil war. By analyzing the Greek crisis primarily in economic terms, Athanasios Lykogiannis avoids the political partisanship that has colored much previous writing on the subject and throws light on many issues neglected by earlier authors. Drawing on a range of untapped British, American, and Greek archival sources, as well as extensive secondary sources, the author examines the interplay of political and economic factors, such as the ingrained polarization of Greek society and the weakness and timidity of the country's governments, that aggravated and prolonged the crisis.

Author : Panagiotis E. Petrakis
Publisher : Springer Nature
Page : 340 pages
File Size : 44,6 Mb
Release : 2020-10-31
Category : Business & Economics
ISBN : 9783030470753

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The New Political Economy of Greece up to 2030 by Panagiotis E. Petrakis Pdf

This book not only analyzes and evaluates the current state of economic growth and development in Greece, but also investigates the potential for growth and development in the mid- to long-term horizon. This book presents a unique theoretical framework drawing on structural elements of political economy such as institutions, cultural background, and the complex nature of politics and political power, as well as neoclassical economics and behavioral economics. The first part of the book introduces readers to some key concepts of normative analysis from a theoretical and methodological perspective, presents the relation between theory and policy, placing the Greek economy within the framework of the Eurozone, and provides the political economy of integrated growth and development in Greek economy. The second part of the book describes the current condition of Greece in the global economy and attempts to detect the major social, economic and political trends that will prevail in the Greek society, while pointing the challenges that the Greek economy will face across the coming decade by taking into account the Covid-19 crisis. The third part of the book provides an overview of growth and development theory as specifically applied to Greece, focusing on the endogenous forces driving the economy, and portrays how the 2008 financial crisis and the crisis of Covid-19 transformed the framework of Greek growth and development policy, to the ground of a new consolidated situation of low growth, low inflation and low employment in the case of Greek economy.

Author : Theodore Pelagidis,Michael Mitsopoulus
Publisher : Brookings Institution Press
Page : 190 pages
File Size : 52,7 Mb
Release : 2014-06-13
Category : Political Science
ISBN : 9780815725770

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Greece by Theodore Pelagidis,Michael Mitsopoulus Pdf

Two Greek economic analysts explain the Greek financial crisis—from beginning to end. The first section of Greece: From Exit to Recovery? explores the lead up to to Greece’s adoption of the euro. Authors Theodore Pelagidis and Michael Mitsopoulos believe that the ensuing challenges were foreseeable. In fact, the authors posit that it was Greece’s difficultly in dealing with those challenges that sparked the euro crisis. Section II analyzes discrete sectors of the economy, paying special attention to labor and finance—and the mistakes creditors made in focusing on reducing Greek incomes—rather than increasing competitiveness on non-labor costs. Section III investigates why Greek companies spend relatively little on research and development.? The authors’ analysis indicates that policy decisions largely determine R&D performance in the private sector, and they advance a number of specific policy proposals to improve the situation.

Author : Panagiotis E. Petrakis
Publisher : Springer
Page : 339 pages
File Size : 46,9 Mb
Release : 2016-08-31
Category : Business & Economics
ISBN : 9781137589446

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A New Growth Model for the Greek Economy by Panagiotis E. Petrakis Pdf

On June 3, 2015, the Greek Parliamentary Budget Office, the National and Kapodistrian University of Athens, the Democritus University of Thrace, and the University of Peloponnese sponsored an international conference to address medium- and long-term growth in Greece. This collection presents the strongest papers on the conditions required to revive and maintain economic growth. Leading experts cover almost every major issue identified in the latest literature, from demographic issues and proposals for export strategy to the need for innovation and structural reform. The combination of qualitative and quantitative approaches to assessing present conditions make this ground-breaking collection a valuable resource for a variety of academics, professional economists, and economic policy practitioners planting the seeds of Greece's future.

Author : George Politakis
Publisher : Springer
Page : 287 pages
File Size : 45,7 Mb
Release : 2017-10-16
Category : Business & Economics
ISBN : 9781137577344

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The Post-War Reconstruction of Greece by George Politakis Pdf

The book presents the first comprehensive account of how economists, engineers and industrialists mapped out the economic future of Greece in the aftermath of civil war devastation. It documents the policy debate that took place among Greece and its sponsors about the future course of the economy, the required investment and their financing. Through historical narrative, archival sources and oral history, this book offers a better understanding of the achievements proclaimed by many economists as an “economic miracle”.

Author : Theodore Pelagidis,Michael Mitsopoulos
Publisher : Springer Nature
Page : 432 pages
File Size : 55,9 Mb
Release : 2021-05-07
Category : Business & Economics
ISBN : 9783030640811

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Who’s to Blame for Greece? by Theodore Pelagidis,Michael Mitsopoulos Pdf

This expanded and enlarged third edition of Theodore Pelagidis and Michael Mitsopoulos’ popular Who’s to Blame for Greece? covers almost a decade of Greece's economic crisis from 2009 to 2019, as well as recent developments in the first months of 2020. It provides an overview of recent developments in the Greek economy and outlines the most important obstacles to a return to robust and sustainable growth rates. It considers the new optimism being developed in Greece after the crisis, but also the policy challenges facing Greece emanating from a deeply hurt economy in the aftermath of the crisis and the structural problems that persist. The book covers the most recent issues that affect the Greek economy including, the migration crisis at the borders with Turkey as well as a faltering global economy hit by the Covid-19 pandemic. 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 second edition.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 220 pages
File Size : 49,8 Mb
Release : 1996-11-20
Category : Business & Economics
ISBN : 9781451816068

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Greece by International Monetary Fund Pdf

This paper reviews macroeconomic developments in the Greek economy in 1995 and early 1996. During that period, the economic recovery gathered strength, driven by a strong pick-up in domestic investment. Although the recovery led to a moderate increase in employment, it did not prevent an increase in the unemployment rate. Inflation continued to decelerate gradually through 1995, but picked up somewhat in the early months of 1996 reflecting in part one-off exogenous factors. These macroeconomic developments, as well as key structural measures adopted in 1995 and early 1996, are described in detail in this paper.

Author : Calliope Spanou
Publisher : Routledge
Page : 194 pages
File Size : 44,6 Mb
Release : 2021-08-24
Category : Political Science
ISBN : 9780429514296

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Crisis, Reform and the Way Forward in Greece by Calliope Spanou Pdf

This volume discusses different aspects of Greece’s political economy during the past decade and reflects on the country’s path ahead, examining the major question: did this challenging period succeed in providing a window of opportunity for deeper institutional and societal change? The authors seek to contribute to the discussion of the dynamics of stability and change, of the nexus between external pressure and domestic agency. Greece offers a most interesting case study, as much in analytical as in empirical terms. Never before did a euro area member require three macroeconomic adjustment programmes under stringent policy conditionality and external supervision. This experience shattered past certainties and reshaped the political landscape. A decade later Greece was starting to recover and received international recognition for its reform efforts. However, the COVID-19 pandemic provided an external shock that risks derailing such achievements. The volume includes chapters by academics and researchers from different professional backgrounds: history, economics, public law, political science, public administration and political economy. Their diverse experience and viewpoints contribute to multidimensional analyses in subject areas such as Greece’s constitutional structure, public sector reforms, labour market developments, China’s expanding investment footprint and product market reforms.