Greece has the lowest public receipts of all the eurozone members, and this contributes significantly to the annual budget deficits and the extremely high level of public debt. The source of this shortfall is personal income taxation. The following article analyses the distortions in the labour...

In the July-August Intereconomics' editorial note on Greece's accord with the creditors, Sebastian Dullien argues that “it is difficult to find anyone who honestly believes that the country's problems will be solved with this package”. He also emphasizes the critical issue of debt relief to...

The correct understanding of Greece’s debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value definition. Changing the terms of debt changes the value of the debt in Greek governmental financial statements correctly prepared...

This book analyses several aspects on the efficient resource allocation in the aftermath of the global financial crisis and the European sovereign debt crisis. The main focus of the volume is on recent European Union (EU) experience highlighting the interrelation between inherent structural...

1. Financial Integration, Bank Competition and Intra-Eurozone Foreign Direct Investment -- 2. Export Margins, Employment Skills and Financial Conditions: Stylized Facts from Greek Exporters -- 3. Why a revival of Greek manufacturing is a prerequisite to ensure a prosperous future for the country...

Greece has the lowest public receipts of all the Eurozone members, and this contributes significantly to the annual budget defi cits and the extremely high level of public debt. The source of this shortfall is personal income taxation. The following article analyses the distortions in the labour...

The downward adjustment of economic activity to match the reduced competitiveness of the economy, be it within the Eurozone or outside it as some advocate, will leave the Greek economy with a low level of economic activity, which will match its reduced competitiveness, even though its total...