Author Archives: H_Dellas

About H_Dellas

University of Bern

Greek wages and international competitiveness

Greece has had large external imbalances (current account, external official debt) because both  the  government and the households spent too much and saved too little; and  spending fell disproportionately on foreign goods as the domestic goods were too expensive.  This … Continue reading

Posted in Macroeconomics | 5 Comments

Greece and the Euro

The recent debt crisis in the EU has revived interest in the costs and benefits of membership in a currency union for a country like Greece, as well as in the implications of such memberships for union-wide performance.  This article … Continue reading

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 1 Comment