Titlebook: Issues in Contemporary Economics; Volume 5: The Greek Thanos S. Skouras (Professor) Book 1992 Palgrave Macmillan, a division of Macmillan

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The Economic Union of the European Community and the Greek Economy: The External Sectoreading to ‘irrevocably fixed exchange rates’ between members’ currencies and ultimately to a single currency and a common monetary policy. This, of course, is by far the most challenging project and is seen as an extension of the internal market programme.

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2662-6330 ng system on development. Part 3 examines Greece‘s performance within the EC, external economic relationships and the balance of payments situation. Part 4 covers structural issues and their impact on the Greek economy.978-1-349-11955-4Series ISSN 2662-6330 Series E-ISSN 2662-6349

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2662-6330 992. Part 1 deals with the role of the state, the public sector and fiscal problems. Part 2 explores monetary policy and the impact of the Greek banking system on development. Part 3 examines Greece‘s performance within the EC, external economic relationships and the balance of payments situation. P

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Some Lines of Action in the Greek Public Sector and the targets that have been set. It is therefore difficult to discuss the pursuit of fiscal policy to the end of the century without, first, outlining the economic background against which specific fiscal policy should be designed and applied and, second, defining broadly the long-run target to be met.

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Fiscal Deficits and the Role of the State in the Greek Economyomy during the 1980s. As can be seen from the figures on public expenditure and taxes presented in Table 4.1, the large increase in fiscal deficits occurred after 1981. This has been a period of deepening crisis for the Greek economy, as evidenced by the marked deceleration in economic growth and private investment activity.