Multi-level Finance and the Euro Crisis
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Multi-level Finance and the Euro Crisis

Causes and Effects

Edited by Ehtisham Ahmad, Massimo Bordignon and Giorgio Brosio

Representing a unique contribution to the analysis and discussion of the unfolding Eurozone crisis in terms of the relationship between central and local government, this book addresses a number of important fiscal and political economy questions. To what extent have local and regional governments contributed to the crisis? To what degree have subnational services and investments borne the brunt of the adjustments? How have multi-level fissures affected tensions between different levels of government from the supranational to the local? This volume covers these and many other critical issues that have been largely ignored despite their relevance.
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Chapter 6: Economics and politics of local Greek government

Georgios Chortareas and Vassileios E. Logothetis

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6. Economics and politics of local Greek government Georgios Chortareas and Vassileios E. Logothetis 1. INTRODUCTION The effects of the 2008 global recession were delayed in spreading to Greece, and in 2010 the country still displayed a higher gr...

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