Abstract
The entry of Greece into the euro area created a challenge for the nation’s future economic course. On the one hand, accession to a single monetary union allowed Greece to benefit from a strong currency, but on the other, the nation faced associated adjustment costs. However, the problems of the modern Greek economy since its establishment have hindered the effective exploitation of the benefits. Simultaneously, the costs and problems arising from participation in this union have grown.
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© 2014 Panagiotis E. Petrakis
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Petrakis, P.E., Kostis, P.C., Valsamis, D.G. (2014). The Crisis and the Setting of the Recovery. In: Petrakis, P.E. (eds) The Rebirth of the Greek Labor Market. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137460820_1
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DOI: https://doi.org/10.1057/9781137460820_1
Publisher Name: Palgrave Macmillan, New York
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