This article explains the causes of the Greek crisis, as well as the key reforms that are needed to get Greece out of the crisis and make it prosperous. Reforms are on two main fronts: those designed to improve the government’s finances and those designed to improve competitiveness. Some of the reforms that we outline in this article are part of the agreement between Greece and its lenders (EU/IMF); at the same time, we seek to describe a more comprehensive and long-run reform agenda. We present many numbers and facts about the Greek economy, and use simple and self-contained arguments accessible to non-economists.
The article has been written by Costas Meghir, Dimitri Vayanos and Nikos Vettas, in collaboration with Costas Azariadis, Harris Dellas, Yannis Ioannides and Chris Pissarides. The full article here. Για την Ελληνική έκδοση, πατήστε εδώ.
A summary of the article in Makedonia newspaper here.