The effectiveness of Greek antitrust policy: A comparative study

Abstract

The present paper explores the probable effectiveness of the
Greek antimonopoly legislation in achieving its stated objective of
improving the competitive forces in the Greek economy.
It does so by providing a brief discussion of the relevant
economic theory underlying antitrust policies, as well as an examination
of the legal rules, methods and machinery required for
the proper enforcement of such policies.
After an outline of the key substantive points of the new Greek
legislation there follows a summary discussion of the development
and workings of similar policies in the US, UK and EEC and a
brief critique of such policies.
The paper ends with an evaluation of the prospects of the Greek
legislation to be an effective tool for the promotion of competition
in Greece, by reference to both the preceding discussion and factors
specific to the Greek economy, and concludes that the new
policy is unlikely to herald the rise of more competition in Greece.
Greek businessmen need not lose their sleep on account of that
policy.