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Greece: Conditions and Strategies for Economic Recovery

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  • Dimitri B. Papadimitriou
  • Michalis Nikiforos
  • Gennaro Zezza

Abstract

The Greek economy has the potential to recover, and in this report we argue that access to alternative financing sources such as zero-coupon bonds ("Geuros") and fiscal credit certificates could provide the impetus and liquidity needed to grow the economy and create jobs. But there are preconditions: the existing government debt must be rolled over and austerity policies put aside, restoring trust in the country's economic future and setting the stage for sustainable income growth, which will eventually enable Greece to repay its debt.

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  • Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2015. "Greece: Conditions and Strategies for Economic Recovery," Economics Strategic Analysis Archive sa_gr_5_15, Levy Economics Institute.
    • Handle: RePEc:lev:levysa:sa_gr_5_15
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    References listed on IDEAS

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    1. Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2014. "Prospects and Policies for the Greek Economy," Economics Strategic Analysis Archive sa_feb_14, Levy Economics Institute.
    2. Philip Pilkington & Warren Mosler, 2012. "Tax-backed Bonds--A National Solution to the European Debt Crisis," Economics Policy Note Archive 12-04, Levy Economics Institute.
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    Cited by:

    1. Symeon Mavridis, 2018. "Greece’s Economic and Social Transformation 2008–2017," Social Sciences, MDPI, vol. 7(1), pages 1-14, January.
    2. Massimo Amato & Luca Fantacci & Dimitri B. Papadimitriou & Gennaro Zezza, 2016. "Going Forward from B to A? Proposals for the Eurozone Crisis," Economies, MDPI, vol. 4(3), pages 1-14, August.
    3. Emmanuel Olusegun Stober, 2017. "Are We There Yet?," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 68-76, December.
    4. Michalis Nikiforos & Dimitri B. Papadimitriou & Gennaro Zezza, 2015. "The Greek public debt problem [The Greek public debt problem]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(spe), pages 777-802, December.

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