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

Oxford University Press
Publication Type:
Journal Article
Contributions to Political Economy, 2012, 31 pp. 77 - 89
Issue Date:
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We discuss structural and institutional underpinnings of the Greek `Debt Crisis. We suggest that the Greeces 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.
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