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The Political Economy of Reforms in Greece

The Crisis Observatory was assigned a research project entitled: “The Political Economy of Reforms in Greece” by the Bank of Greece . The programme’s duration was from April 1st 2016 to December 31st 2016.

Rationale of the Project

In recent years, Greek governments have implemented a series of structural reforms, both in the public administration and the private sector of the economy. However, these reforms have not always been successful, while in some cases their implementation has not yet been completed ,despite the fact that they were included in the first two economic adjustment programmes. Given that the most important s challenges for the Greek economy still relate to crucial structural shortcomings of the Greek growth model and public administration, a review of the factors that have l contributed to either the success or failure of the attempted reforms, can improve not only our understanding of the crisis and its evolution till today, but also our efforts of finding solutions for reshaping the Greek economy and public administration.

Consequently, the aim of the programme was to examine the implementation of the structural reforms  in the first two economic adjustment programmes, with a view  to identifying and analyzing the factors that facilitated or inhibited the design and implementation of these reforms.

The main findings of the Report were presented during the relevant event, which was held on on November 27, 2018,  at the Bank of Greece. You may find more information regarding the event here.

You may access the Report entitled “Structural Reforms in Greece during the Crisis: 2010-2014. Overview, Evaluation and Policy Proposals”,  in Greek, here.