What's Going on with Greece... and Why? A Political-Economy Perspective
The talk will focus on three inter-dependent and chronoliogically arranged issues.
First, it will discuss the reasons why most Greeks wanted to join the Eurozone in the 1990s, the lessons economic theory could give about a potential entry, and the causes why Germany eventually accepted that entry.
Second, it will present some important trends in the evolution of the Greek economy during the period 2002-2009, i.e. after Greece's entry into the Eurozone and before the beginning of the crisis.
Finally, it will analyze the situation since the "imposition" of unprecedented austerity measures in 2010, and it will assess Greece's possibilities for the near future.