Economic Crisis and Structural Reforms in Southern Europe: Policy Lessons

In recent years the countries of southern Europe have undergone, with varying intensity, a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. Economic Crisis and Structural Reforms in Southern Europe examines these reforms, drawing policy lessons from their successes and failures.

This book employs two basic strands of analysis: issues of policy design, and political economy considerations. It considers the choice of timing and sequencing of reforms, the choice of the appropriate policy instruments, the pressure of interest groups and the political calculations involved in reforms. Featuring chapters in which contributors explore both national cases of specific structural reforms, and a comparative approach in order to evaluate similar reforms across countries, this important and topical work explores ongoing issues within the economy.

Focusing on the challenges of designing and implementing structural reforms under conditions of crisis, this book will be of interest to policy makers and researchers from national and international organizations as well as academics and members of research institutes interested in the economics and politics of the Eurozone crisis.

Paulo Manasse is a Professor of Macroeconomics and International Economic Policy at the University of Bologna. He has previously worked for the OECD, the World Bank and the Inter-American Development Bank and belongs to the expert Roster of the Fiscal Affairs Department, IMF and the Expert Panel on Capital Markets of the Centre for Economic Policy Studies in Brussels.

Dimitris Katsikas is Lecturer of International and European Political Economy at the Department of Political Science and Public Administration, National and Kapodistrian University of Athens and Head of the Crisis Observatory at the Hellenic Foundation for European and Foreign Policy (ELIAMEP). He has coordinated a number of Greek and European research programmes related to the economic crisis.