Despite widespread criticism on its performance, all indicators demonstrate that Greece has achieved impressive fiscal and structural adjustment since its de facto bankruptcy, in May 2010. However, serious implementation problems, the pace and sheer volume of the contractionary measures adopted...

Despite significant progress in its path towards Europeanisation over the last two decades, Greece’s reform record remains highly problematic. Persistent reform failures and a continuum of half-way reforms have characterised much of the country’s recent history. In this paper we depart form...