Greece’s economic strategy and Eurozone crisis: TAVA
Please cite the paper as:
Gary Dymski and Stefanos Ioannou, (2014), Greece’s economic strategy and Eurozone crisis: TAVA, World Economics Association (WEA) Conferences, No. 2 2014, Greece and Austerity Policies: Where Next for its Economy and Society?, 20th October to 21st December 2014
This paper explores the elements of economic strategy for a national government taking office in Greece under the constraints imposed by Eurozone membership, even while hoping to transcend and transform those constraints. We first review some of the empirical and institutional economic realities faced both by Greece and the member nations of the Eurozone; while these are well known, it is important to recognize the parameters within which our considerations must unfold. We will then list some of the constraints that arise under the conditions of neoliberal global capitalism that provides what passes for order in the international economic system at the present time. We next turn to the problem of national economic strategy directly. As indicated, there are various alternatives, even if no one of them can eliminate all vestiges of the crisis that has made necessary a dramatically new policy direction for Greece and for Europe.