Abstract
This chapter presents some key features of economic policy in the Greek economy within the framework of the Economic Adjustment Program (EAP), as this was compiled by the influence of the need to meet the conditions of the financing package for the Greek economy by the IMF, the EU and the ECB. However, the way in which the Greek economy enters this period is determined by the integration of the economy in the EAP itself and the medium-to-long term impact of this integration, whose implications extend across the economic and social structure. It presents the international environment and the time constraints created by the obligations of the Greek economy. It describes the basic economic model (Classic and Particular Market Model) and identifies the mitigatory and propelling forces of the economic model, with particular reference to monetary and banking developments. Finally, it links the EAP with the cultural background, the incentives, and the social and business capital.
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Notes
- 1.
The monitoring of the EAP’s evolution requires the study of a series of texts, the most important of which are:
- 2.
Readers understand that the concept of domestic, as opposed to foreign, investors is relative because domestic and foreign destinations are hardly distinguishable on the basis of proprietary features.
- 3.
At this point we must agree that the design of the EAP, in May 2010, was unsustainable from the beginning.
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Petrakis, P. (2012). The Greek Economy and the Crisis. In: The Greek Economy and the Crisis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-21175-1_12
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DOI: https://doi.org/10.1007/978-3-642-21175-1_12
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