The Collapse of a Nation: Who's Afraid of Greece?

C. J. Polychroniou

Economics One-Pager Archive from Levy Economics Institute

Abstract: As the Greek summer comes to an end, the predatory austerity policies of the second bailout plan are in full swing, while the fiscal consolidation program continues to run its wayward course. Overall, what was once a modern democratic polity is beginning to resemble a feudal state. As the government seeks a broad agreement on its latest spending cuts, the Greek labor movement is set to embark on a new round of paralyzing strikes and demonstrations. This year, the truly hot season in Greece is only just beginning.

Date: 2012-09
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