Who’s to Blame for Greece?

How Austerity and Populism are Destroying a Country with High Potential

  • Theodore Pelagidis
  • Michael Mitsopoulos

Table of contents

  1. Front Matter
    Pages i-xix
  2. Theodore Pelagidis, Michael Mitsopoulos
    Pages 1-5
  3. The “Party Period” Before the Crisis

    1. Front Matter
      Pages 7-7
    2. Theodore Pelagidis, Michael Mitsopoulos
      Pages 29-64
    3. Theodore Pelagidis, Michael Mitsopoulos
      Pages 65-103
  4. Greece’s Free Fall 2010–2013

    1. Front Matter
      Pages 105-105
    2. Theodore Pelagidis, Michael Mitsopoulos
      Pages 107-132
  5. Looking Ahead

  6. How Populism (2015–2017) Destroyed a Country with High Potential

    1. Front Matter
      Pages 279-279
    2. Theodore Pelagidis, Michael Mitsopoulos
      Pages 281-296
    3. Theodore Pelagidis, Michael Mitsopoulos
      Pages 297-311
    4. Theodore Pelagidis, Michael Mitsopoulos
      Pages 313-320
  7. Back Matter
    Pages 321-341

About this book


Praise for the first edition:

'The new book by Michael Mitsopoulos and Theodore Pelagidis offers insightful analysis of the Greek drama. It makes fascinating reading and well demonstrates that the blame is widely shared.'

André Sapir, University Professor, Université libre de Bruxelles, Belgium, and former Economic Advisor to the President of the European Commission

'Who is to blame for Greece? If I could pick just two experts on the Greek debacle to answer this question it would be Theodore Pelagidis and Michael Mitsopoulos. And thankfully they have done just that in this penetrating analysis of what has happened to Greece over the past five years. It's a timely and incisive work and no one gets off easy a must read.'

Landon Thomas, Jr, Financial Reporter, New York Times, USA

This expanded and enlarged second edition of Theodore Pelagidis and Michael Mitsopoulos’ popular Who’s to Blame for Greece? (2016) reviews Greece's economy since its accession to the Monetary Union, with new research focusing on the perils of the populist Syrizia government during the critical 'Grexit' period of 2015-2016.

The authors also focus on political developments since that time and in particular propose a new form of taxation as well as explore debt sustainability in relation to Greece's economic challenges. 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 first edition.


Greece Eurozone IMF ECB Monetary Union Financial crisis EU crisis European Union (EU) macroeconomics public finance debt relief Grexit tax system export-led growth

Authors and affiliations

  • Theodore Pelagidis
    • 1
  • Michael Mitsopoulos
    • 2
  1. 1.NR Senior FellowBrookings InstitutionUSA
  2. 2.Hellenic Federation of EnterprisesAthensGreece

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-68336-2
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-68335-5
  • Online ISBN 978-3-319-68336-2
  • About this book