Greece in the Euro Economic Delinquency or System Failure [Paperback]

An original approach to understanding how national institutions affect economic performance, diluting and disrupting single currency pressures for convergence and adjustment.Greece banked on EMU. Entry into the eurozone was its ticket to macroeconomic stability, its modernisation jacket and its gateway to global markets. So how did such a promising start turn to dust so quickly? Was Greece the delinquent eurozone member whose fiscal downfall nearly brought down some of the world's strongest economies? Or was it the first victim of the euros system failure? An original approach to understanding how national institutions affect economic performance, diluting and disrupting single currency pressures for convergence and adjustment.ContentsList of Figures and Tables viiAcknowledgements ixChapter One: Introduction 1Chapter Two: New Institutionalism at a Crossroads 15Chapter Three: Greek Policy Formation, 19741993: Caught Between aPoliticised Economy and EC Adjustment 29Chapter Four: EMU Negotiations, National Strategies and the ExternalConstraint 55Chapter Five: Nominal Convergence and Macroeconomic Policy 73Chapter Six: The Good EMU Years 97Chapter Seven: Salvation Does Not Come Cheap 125Chapter Eight: Conclusion: Owning and Sharing Responsibility 155Appendix A: Biographical Data 175Appendix B: List of Interviewees 181Index 183Eleni Panagiotarea holds an MPhil and DPhil from the University of Oxford, where she completed a thesis on?EMU and National Economic Policy Formation: The Case of Greece. A policy analyst with considerable work and research experience on European political economy and European integration, she has worked in the Greek financial sector and as an advisor for the Ministries of Foreign Affairs and Finance. Her first-hand knowledge of national economic policy-making and her interest in institution building has informed much of her writing on Greece's EMU trajectory, presented in the Greek press and academic journals. She is also a Research Fellow forl£-