On PIIGs, GAFFs, and BRICs: An insider-outsider's perspective on structural and institutional foundations of the Greek crisis

Christos N. Pitelis

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

We discuss structural and institutional underpinnings of the Greek 'Debt' Crisis. We suggest that the Greece's de facto catching-up competitiveness model was misguided, short-term focused, and eventually doomed. Alongside this 'model' were behaviours and attitudes that assisted the realisation of an anticipated collapse. Our assessment also accounts for other actors, at the European and wider levels, both public and private. It takes into account implications from the emergence of the new 'competitors', and briefly explores global security and governance implications.
Original languageEnglish
Pages (from-to)77-89
Number of pages13
JournalContributions to Political Economy
Volume31
Issue number1
DOIs
Publication statusPublished - 1 Jun 2012

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