Who’s to Blame for Greece?

Theodore Pelagidis is a non-resident senior fellow at the Brookings Institution, USA, and Professor of Economics at the University of Piraeus, Greece. He has also been a NATO scholar at the Center for European Studies at Harvard University, USA; an NBG fellow at the London School of Economics, UK; and a Fulbright professorial fellow at Columbia University, USA. He has served as an expert to the International Monetary Fund in the Internal Evaluation Office, USA. Michael Mitsopoulos is an economist at the Hellenic Federation of Enterprises, Greece. He holds a PhD in Economics from Boston University, USA and has taught at the University of Piraeus and the Economic University of Athens, Greece. He has published extensively in academic journals and is the co-author with Pelagidis of Understanding the Crisis in Greece: From Boom to Bust (Palgrave, 2011) and of Greece: From Exit to Recovery? (2014).

IntroductionThe Costs and Benefits for Joining a Common Currency with Emphasis on Weaker Member States: The Pre-Crisis DebateGreece before the Crisis: The Critical Years in Domestic PoliticsIMF and EU Reports on GreeceThe Troika Period ReconsideredAssessing the Intentions of the Government(s) since the Ratification of the Maastricht TreatyGreece: Why Did the Forceful Internal Devaluation Fail to Kick-start an Export-Led Growth?Giving Greece a Chance to SucceedHow to Design a Closer and More Democratic UnionThe Rise of Populism in Greece and the Impact in the EconomyA Positive Way to Reform the Tax System in GreeceGreece's New Agreement with Europe and the Debt Problem Conclusions
Afterword