Beyond austerity: reforming the Greek economy

More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous.

Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent.

Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the eurozone.

In this text, leading Greek economists from institutions both within and outside Greece take a broader and deeper view of the Greek crisis, examining the pathologies that made Greece vulnerable to the crisis and the implications for the entire eurozone.

Each chapter takes on a specific policy area, examining it in terms of Greece's economic reality and offering possible directions for policy.