Greek Abstract: Περiληψη Οι μεταρρυθμίσεις των πολιτικών απασχόλησης και κοινωνικής προστασίας που έλαβαν χώρα στην Ελλάδα τις τρεις τελευταίες δεκαετίες...

Few contemporary democracies offer tales of institutional failure as startling as that of Greece. Despite a turbulent political history in the twentieth century, the Greek economy gained ground during decades of actual wealth creation, until the country’s main parties started to compete on the...

During the years preceding the financial and fiscal crisis, Greece's welfare state had been mainly extending provisions in order to serve the political patronage system built after regime change in 1974. This system reached its limits as the number of active insurance contributions given by the...

This paper is founded on both the theoretical schemes of financialization, as a new regime of accumulation, and the shareholder value, the everyday finance, the structured finance, as well as the finance-led growth regime, whose special institutional forms concern the wage-labor nexus, the...

Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult....

Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net negative international investment positions, which are largely composed of debt. The perceived inability of these countries to rebalance their external positions is a major root...

There are two possible responses to the Greek debt crisis: 'Plan A', continued official lending, for as long as needed, with possible voluntary private sector involvement, and 'Plan B', coercive pre-emptive or post-default restructuring with significant face value reduction. Both options have...