Policy Article

Greece: the result of the economic adjustment programs (in German)

Kieler Beiträge zur Wirtschaftspolitik, 17

The authors point out that despite the completion of the financial assistance programs and the economic stabilization during the last years, Greece still faces serious economic problems. Even though the debt crisis was temporarily defused by a provisional, indirect debt cut of the creditors, Greece still exhibits structural weaknesses and reform shortcomings which limit the Greek economic performance. In the opinion of the authors, it is now up to the Greek politicians to improve the economic policy conditions for investors on their own and to create new confidence in the location of Greece.