Quotation Aiginger, Karl. 2019. Greece as a bridge to the most vibrant region of the next decades. Department of Economics Working Paper No. 278.


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Abstract

In the years following the financial crisis, Greece experienced a severe loss in real per capita income and accumulated a public debt much higher than GDP and that of any other EU country. The article briefly analyses the causes of this development, including the policy failures of Greece and the EU. It develops a game-changing strategy, which could return the country to a growth path. This starts with the vision that Greece can make use of its unique location between Europe, Asia and Africa to build a bridge connecting these regions with fascinating and productive complementarities. Given this new strategy, including regional leadership in decarbonisation, youth reform boards, and the Greek diaspora as a manager of reforming and financing new activities, Europe should cut a substantial part of the debt. This would be in the interest of Greece, the EU and Europe ́s neighbours.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Greece as a bridge to the most vibrant region of the next decades
Title of whole publication Department of Economics Working Paper No. 278
Year 2019
URL https://epub.wu.ac.at/6816/1/wp278.pdf
JEL A13, D22, E02, E61, F13, F42, L52

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Aiginger, Karl (Details)
Organization
Department of Economics DP (Details)
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