Introduction -- The Europeanisation process and the Greek political system -- The domestic constraints on reform -- Whose benefits? the elusive reform of the Greek pension system -- The puzzle of jobless growth : the challenge of reforming the Greek labour market -- Destination nowhere :...

This paper builds a model of delegated portfolio management to study the interplay between the career concerns of a manager and the prevailing market conditions. Investors allocate funds between a market index and a manager, who has private information about her ability to generate idiosyncratic...