On PIIGS, GAFFS, and BRICS: An insider-outsider's perspective on structural and institutional foundations of the Greek crisis

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Journal Article
Contributions to Political Economy, 2012, 31 (1), pp. 77 - 89
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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. © The Author 2012. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.
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