Public Finances, Taxes, and Privatisation

Nicholas G. Pirounakis
Additional contact information
Nicholas G. Pirounakis: Economic Research and Analysis Ltd

Chapter 4 in The Greek Economy, 1997, pp 70-93 from Palgrave Macmillan

Abstract: Abstract Not for the first time in her modern history (see Chapter 1), Greece is having grave difficulties with her public finances. A series of Government Ordinary Budget1 deficits run in the 1980s in order to curry favour with the electorate, plus pervasive tax evasion, have placed Greek governments in the 1990s in a vicious circle of running deficits (that is, borrowing) in order to service what is, apparently, EU’s third largest public debt. In the same vein, all Greek governments’ singular failure to privatise almost anything adds to the budgetary difficulties, themselves a result, in part, of Greece’s populist version of democracy.

Keywords: Public Debt; Budget Deficit; Informal Economy; Political Business Cycle; Defence Spending (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37486-7_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230374867

DOI: 10.1057/9780230374867_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().