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The Rise of Populism in Greece and the Impact on the Economy

  • Theodore Pelagidis
  • Michael Mitsopoulos
Chapter

Abstract

Euclid Tsakalotos, Greece’s British-educated, Marxist finance minister, often describes economic activity in Greece as akin to a suppressed spring: after eight years of almost uninterrupted recession and a cumulative loss of a quarter of pre-crisis gross domestic product (GDP), he contends, the country is past due for a robust recovery. The Greek government, as well as the country’s official creditors, projected growth to jump to nearly 3% of GDP in 2017, a strong start on the long upward climb back to the standards of living enjoyed before Greece’s vertiginous crash.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Theodore Pelagidis
    • 1
  • Michael Mitsopoulos
    • 2
  1. 1.NR Senior FellowBrookings InstitutionWashington, DCUSA
  2. 2.Hellenic Federation of EnterprisesAthensGreece

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