This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the … onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece …, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …

especially Greece - to a much happier future, and promote the chances for more balanced economic performance in North and South. …

Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards … depends on their ability to control state budgets to reward clients. In Greece, where parties relied extensively on these …

, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas -- The macroeconomics of the crisis. Greece and the Euro / George …-Marios Angeletos and Harris Dellas ; The challenge of trade adjustment in Greece / Costas Arkolakis, Aristos Doxiadis, and Manolis … competitiveness policy for Greece / Yannis Katsoulacos, Christos Genakos, and George Houpis ; Privatizations : auction and market …