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A New Growth Model for the Greek EconomyRequirements for a New Business Model in Greece

A New Growth Model for the Greek Economy: Requirements for a New Business Model in Greece [The authors analyze Greece’s present business model and its deficiencies as well as the sustainability of the Greek debt burden. They conclude that the reform process is a necessary condition for structural change and economic recovery. Its completion and the promotion of private investment would accelerate the reconstruction of the Greek economy. In addition, a strongly conditioned haircut or a phasing out of the Greek debt burden is inevitable to render Greece’s public debt sustainable and to end the ongoing bailout process. The authors recommend discontinuing additional financial assistance to Greece and restoring its status as an ordinary member of the EU and the Eurogroup. The country would have full access to existing stabilization mechanisms but in return would have to observe the rules of the stability and growth pact and to accept EU economic policy coordination.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A New Growth Model for the Greek EconomyRequirements for a New Business Model in Greece

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References (1)

Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-58943-9
Pages
99 –113
DOI
10.1057/978-1-137-58944-6_7
Publisher site
See Chapter on Publisher Site

Abstract

[The authors analyze Greece’s present business model and its deficiencies as well as the sustainability of the Greek debt burden. They conclude that the reform process is a necessary condition for structural change and economic recovery. Its completion and the promotion of private investment would accelerate the reconstruction of the Greek economy. In addition, a strongly conditioned haircut or a phasing out of the Greek debt burden is inevitable to render Greece’s public debt sustainable and to end the ongoing bailout process. The authors recommend discontinuing additional financial assistance to Greece and restoring its status as an ordinary member of the EU and the Eurogroup. The country would have full access to existing stabilization mechanisms but in return would have to observe the rules of the stability and growth pact and to accept EU economic policy coordination.]

Published: Sep 1, 2016

Keywords: International Monetary Fund; Reform Process; Market Interest Rate; Service Export; Greek Government

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