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The euro was generally considered a success in its first decade. Nevertheless, the unanticipated financial crisis in the summer of 2007 has developed gradually into the worst global economic crisis in post-war economic history and a sovereign debt crisis questioning the endurance of positive externalities under the current form of European economic integration. The experience of double-dip recession in the core of the euro-area and the occurrence of a deflationary spiral in its southern periphery question the wisdom of fiscal consolidation via austerity in the adjustment programmes adopted to exit the crisis. They also put into doubt the adequacy and efficiency of the European Economic and Monetary Union's core elements, its political instruments and macroeconomic assumptions, as can be seen in the role of the Stability and Growth Pact and the stance of the European Central Bank. The title of this collective volume refers to the country where the European sovereign debt crisis began, while its contents concentrate on the extent to which this crisis should be a national or a European concern. Moreover, the focus on Greece stimulates discussion on the neglected factor of the shadow economy and the potential to boost government revenue through its successful transfer to the formal economy. The chapters address the inefficiencies of both euro-area institutions and policies adopted to exit from the current predicament. Experts from several disciplines review the literature and critically evaluate the existence of issues such as contagion effects, domino effects, deflationary spirals, institutional efficiency and the reality of the option to exit from the euro-area.
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Dr Bitzenis is an Associate Professor of International Entrepreneurship at the University of Macedonia in Thessaloniki (Greece) at the Department of International and European Studies. He has published seven books (four of which are in Greek), sixteen book chapters, fifteen entries in encyclopedias, thirty-six refereed journal articles, and nine refereed papers in conference proceedings, and has received fifteen research grants. Dr Papadopoulos is an Assistant Professor at the University of Macedonia (Thessaloniki, Greece) and a Visiting Professor at the University Pantheon-Sorbonne Paris 1 and Sciences Po (Paris, France). His fields of interest include political and legal philosophy, comparative constitutional law and human rights, and European policies. He has published four books (winning an award for one of them) and several articles in French, American, Italian, and Belgian scholarly journals. Vasileios A. Vlachos is a PhD candidate at the University of Macedonia (Thessaloniki, Greece), Department of International and European Studies. He is a member of both the organising and the scientific committees of the International Conference on International Business and his publications and recent research interests concern direct investment, economic growth, unemployment and the shadow economy.
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Book Description Cambridge Scholars Publishing, 2013. Condition: New. book. Seller Inventory # M1443845124
Book Description Cambridge Scholars Publishing, 2013. Hardcover. Condition: Brand New. 1st unabridged edition. 396 pages. 8.25x6.00x1.25 inches. In Stock. Seller Inventory # 1443845124