Greek Fiscal Policy in Times of Crisis: A New Proposed Framework

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Published: Dec 29, 2020
DOI: https://doi.org/10.12681/hapscpbs.26492
Keywords:
Greek sovereign debt crisis fiscal policy budget deficits tax administration Independent Fiscal Council debt crisis
Georgios L. Vousinas
National Technical University of Athens
https://orcid.org/0000-0002-0491-8594
Abstract

The present article aims to shed light on the critical matter of overcoming the existing Greek sovereign debt crisis, a crisis that brought to the surface the chronic structural problems of the Greek economy and the long-standing state distortions, by highlighting the importance of a sound and efficient fiscal policy administration model. The author identifies the problematic issues in the current fiscal policy procedures and proposes a new framework so as for the Greek economy to overcome the ongoing crisis and return to positive growth rates, while achieving sustainable growth, a perquisite for socioeconomic welfare. The overall target of this paper is to set the required fiscal policy mix so as for Greek economy to overcome current and future crises and hopefully initiate a fruitful discourse on the subject among all the involved parties.

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Author Biography
Georgios L. Vousinas, National Technical University of Athens
Georgios L. Vousinas is Doctoral Researcher at the National Technical University of Athens
References
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