Paolo Manasse, Professor of Macroeconomics and International Economic Policy at the University of Bologna, answers the following questions:
1. Which are the main reasons of structural reforms failure in Greece?
2. The combination of fiscal consolidation and structural reforms, without debt relief or other growth policies, could lead to the recovery of the Greek economy?
3.If labour and product market reforms have been adopted hand in hand during the implementation of the Memoranda of Understanding, the Greek economy would had already recovered?