Funding the Greek Crisis

Funding the Greek Crisis

The European Union, Cohesion Policies, and the Great Recession

1st Edition - June 15, 2018

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  • Authors: Constantinos Ikonomou, Louka Katseli
  • Paperback ISBN: 9780128145661
  • eBook ISBN: 9780128145678

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How does one distinguish between European Union investments that improve welfare and those that create economic malaise? Funding the Greek Crisis: The European Union, Cohesion Policies, and the Great Recession explores the sources of the Greek Crisis that lie primarily in EU policies that appeared to have worked better for other countries but not for Greece. Without overly simplifying the Greek condition, it provides insights into policies the countries of the euro area may need to implement in order to ensure collective cohesion and individual success. Arguing that EU preferences for autonomous investments discouraged organic development with lasting implications, Funding the Greek Crisis sheds new light on the nature of regional competitiveness and public economics.

Key Features

  • Encompasses public economics, macroeconomics, international trade, competitiveness, microeconomics and regional development studies
  • Sheds light on key policies that affect millions of EU citizens
  • Examines Solow’s growth model
  • Provides a different way of explaining growth from real business cycle theory


Upper-division undergraduates, graduate students, and professionals working in EU economic studies and regional economics

Table of Contents

  • 1. The Great Greek Crisis
    2. Theoretical Underpinnings
    3. Analysis of the Deeper Causes of the Greek Crisis
    4. Conclusions

Product details

  • No. of pages: 336
  • Language: English
  • Copyright: © Academic Press 2018
  • Published: June 15, 2018
  • Imprint: Academic Press
  • Paperback ISBN: 9780128145661
  • eBook ISBN: 9780128145678

About the Authors

Constantinos Ikonomou

Dr Constantinos Ikonomou is an adjunct lecturer over the last six years at the Department of Economics of the National and Kapodistrian University of Athens. He has been associated as a Research Fellow at the Department of Political Studies and International Relations of the University of Peloponnese and taught as a Professor-Consultant at the Hellenic Open University as well as in other Greek universities. He holds a Ph.D. degree from the University of Cambridge and an MSc from London School of Economics. He has published in several Greek and international journals and conferences and his interests range across many fields in economics, growth theory, business growth theory, regional and local studies, as well as the EU Cohesion Policy and its evaluation.

Affiliations and Expertise

National and Kapodistrian University of Athens and,Hellenic Open University Greece

Louka Katseli

Louka T. Katseli is Professor of International Economics and Development at the Department of Economics of the National Kapodistrian University of Athens. She has served as Greece’s Minister of Labor and Social Security (2010 – 2011) and Minister of Economy, Competitiveness and Shipping (2009 – 2010). With a Ph. D in International and Development Economics from Princeton University, she has taught as Assistant and Associate Professor at Yale University and has published extensively in her fields of interest which include international, development and institutional economics. She has served as Director of the OECD Development Centre ( 2003 - 2007) , member and vice-president of the UN Committee for Development Policy ( 1996–1999) , Special Advisor to the Greek Prime Minister (1993 – 1996) and Director of the Centre for Planning and Economic Research (1983-1986). She has been a member of the EC Monetary and Economic Policy Committees and an advisor and consultant to various governments and international organizations.

Ratings and Reviews

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  • SAVAS P. Thu Jul 25 2019

    Excellent book

    Very informative. Well written. Good job.

  • AnaVartalitis Mon Oct 08 2018

    Funding the Greek Crisis

    A thorough analysis that will be useful to others in similar situations.