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European Union pp 173-182 | Cite as

Greece as a Bridge to the Most Vibrant Region of the Next Decades

  • Karl AigingerEmail author
Chapter

Abstract

After the financial crisis, Greece experienced a severe loss in real per capita income and accumulated a public debt much higher than GDP. The article analyses the causes of this development, including policy failures of Greece and the EU. It develops a game-changing strategy, to restart growth not relying on tourism only. Greece should make use of its unique location between Europe, Asia and Africa to build a bridge connecting these regions with fascinating and productive complementarities. Given this new strategy, a regional leadership in decarburization, youth reform boards and the Greek diaspora as a manager of reforming and financing new activities, Europe should cut a substantial part of the debt. This would be in the interest of Greece, the EU and Europe’s neighbours.

References

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Policy Crossover Center: Vienna-EuropeViennaAustria
  2. 2.Vienna University of EconomicsViennaAustria

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