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The Crisis and the Setting of the Recovery

In: The Rebirth of the Greek Labor Market

Author

Listed:
  • Panagiotis E. Petrakis
  • Pantelis C. Kostis
  • Dionysis G. Valsamis

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.

Suggested Citation

  • Panagiotis E. Petrakis & Pantelis C. Kostis & Dionysis G. Valsamis, 2014. "The Crisis and the Setting of the Recovery," Palgrave Macmillan Books, in: Panagiotis E. Petrakis (ed.), The Rebirth of the Greek Labor Market, chapter 1, pages 3-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46082-0_1
    DOI: 10.1057/9781137460820_1
    as

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