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The State and Modes of Regulation in Greece from the Post-War Period to the 2009 Financial Crisis

The State and Modes of Regulation in Greece from the Post-War Period to the 2009 Financial Crisis Mainstream views attribute the causes of the recent crisis in Greece to endogenous factors—for example, profligacy, corruption and rent-seeking—and describe the country as a ‘special case’. In contrast to such approaches, this paper discusses the alternating modes of regulation in Greece from the post-war period until the recent crisis and argues that, despite the ruptures, lags and deviations, an alignment with wider international developments emerges. Four phases are distinguished: a post-Civil War period of growth under an authoritarian rule; a short Keynesian period of stagnation; a period of growth and neo-liberalization; and the current crisis. It is also argued that the crisis provided an opportunity to deepen certain neo-liberalization processes across the European Union (EU), further denationalize economic policy and impose fiscal discipline at the expense of the social state, even through constitutionalization. These developments advocate the view that Greece is rather a ‘test case’ than a ‘special case’. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Balkan and Near Eastern Studies Taylor & Francis

The State and Modes of Regulation in Greece from the Post-War Period to the 2009 Financial Crisis

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The State and Modes of Regulation in Greece from the Post-War Period to the 2009 Financial Crisis

Abstract

Mainstream views attribute the causes of the recent crisis in Greece to endogenous factors—for example, profligacy, corruption and rent-seeking—and describe the country as a ‘special case’. In contrast to such approaches, this paper discusses the alternating modes of regulation in Greece from the post-war period until the recent crisis and argues that, despite the ruptures, lags and deviations, an alignment with wider international developments emerges. Four phases...
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1944-8961
eISSN
1944-8953
DOI
10.1080/19448953.2012.736225
Publisher site
See Article on Publisher Site

Abstract

Mainstream views attribute the causes of the recent crisis in Greece to endogenous factors—for example, profligacy, corruption and rent-seeking—and describe the country as a ‘special case’. In contrast to such approaches, this paper discusses the alternating modes of regulation in Greece from the post-war period until the recent crisis and argues that, despite the ruptures, lags and deviations, an alignment with wider international developments emerges. Four phases are distinguished: a post-Civil War period of growth under an authoritarian rule; a short Keynesian period of stagnation; a period of growth and neo-liberalization; and the current crisis. It is also argued that the crisis provided an opportunity to deepen certain neo-liberalization processes across the European Union (EU), further denationalize economic policy and impose fiscal discipline at the expense of the social state, even through constitutionalization. These developments advocate the view that Greece is rather a ‘test case’ than a ‘special case’.

Journal

Journal of Balkan and Near Eastern Studies – Taylor & Francis

Published: Dec 1, 2012

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