Competitiveness of the Greek Economy: Before and After the Crisis
Greece in the last 7 years is experiencing an unprecedented economic crisis. The basis of the discussion is mainly in the fiscal deficit and public debt and consequently the implementation of those policies which will contribute to fiscal consolidation and resolving financial imbalances. However, as already shown by the implementation of the policies of the Stability and Reform Agreement, the Greek problem is much more complex (2013).
Today, Greece more than ever is facing the twin deficits problem: the fiscal deficit and the deficit of the current account reflect the deterioration of the competitiveness of Greek economy.
The main purpose of the article is to analyze the performance of the Greek economy on competitiveness and make a comparative analysis of its position before and during the crisis.
Article’s specific objectives are to explore and analyze the causes of the reduced impact of policies to increase competitiveness of the country.
KeywordsStructural weaknesses Adjustment programs (VC) International competitiveness Political economy
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