By Panagiotis E. Petrakis
On June three, 2015, the Greek Parliamentary funds place of work, the nationwide and Kapodistrian collage of Athens, the Democritus collage of Thrace, and the college of Peloponnese subsidized a world convention to deal with medium- and long term development in Greece. This assortment offers the most powerful papers at the stipulations required to restore and keep fiscal development. best specialists hide virtually each significant factor pointed out within the newest literature, from demographic matters and recommendations for export technique to the necessity for innovation and structural reform. the combo of qualitative and quantitative ways to assessing current stipulations make this ground-breaking assortment a useful source for numerous teachers, specialist economists, and financial coverage practitioners planting the seeds of Greece's future.
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Additional info for A New Growth Model for the Greek Economy: Requirements for Long-Term Sustainability
1 INTRODUCTION The recent economic crisis has restored focus to the debate on economic development issues affecting the European economies. The future development of Europe looks dim because of a complex mix of debt in the Eurozone (both public and private debt that caused turmoil in the financial sector and especially the banking system), which hinders economic growth, government spending, and investment. The new economic reality (globalization, demographic changes, and the rise of emerging economies) together with the institutional weaknesses of the EU, lack of competitiveness, and vulnerability of internal convergence pressured the EU to redesign the economic policy.
The fierce debates about dispute settlement in the Trans Pacific Partnership as well as in the Transatlantic Trade and Investment Partnership play into the hands of trade skeptics. We should remember that there can be global disaster, as well as merely European disaster. A politically legitimate mechanism for solving the problem of international adjustment was the unsolved problem of the twentieth century. In Europe and elsewhere it generated enormous conflict. There is an urgent need for ways of constructing currency stability that go beyond the narrow framework suggested by the OCA literature.
The recent story of Europe has been a process of learning lessons about the appropriate character of the tax base. In the 1970s, with increased capital integration, many European countries discovered that they could not tax capital highly—as large companies would otherwise move their operations. Capital was too mobile, and especially smaller European countries adopted low rates of corporate taxation which contributed to stronger and more dynamic economic performance. With increased mobility of people, the same limits are being reached for personal tax: as President Hollande found when he introduced a tax on the super rich (over one million Euros), which brought unexpectedly little revenue, and which he was obliged to scrap.
A New Growth Model for the Greek Economy: Requirements for Long-Term Sustainability by Panagiotis E. Petrakis