Show simple item record

Discussing EU Policies and Mechanisms towards the COVID-19 Pandemic Crisis: A Case Study of Greece

dc.contributor.authorApostolopoulos, Nikolaos
dc.contributor.authorPsychalis, Marios
dc.contributor.authorLiargovas, Panagiotis
dc.description.abstractThis paper discusses the effectiveness of EU economic measures towards the pandemic crisis in the case of Greece. As the pandemic crisis was an exogenous and symmetric crisis, EU member states decided to take supply and demand side measures to tackle economic recession. Not only the Recovery plan for Europe (NGEU), but also the Escape Clause, as well as non-standard monetary measures, were implemented in order to achieve growth. Furthermore, fiscal expansion, as well as common debt extraction, using green and social bonds led to higher government spending and sovereign debt. The paper’s research question is “Could fiscal expansion mitigate the economic consequences of pandemic crisis?” In other worlds, the research gap which this paper tries to fill is that for the contemporary EU response to two different crises, the economic and the pandemic. Our analysis, by using a comparative approach, shows that government spending and fiscal expansion is effective in the short-run, as the temporary measures led to higher GDP growth rates and lower unemployment rates, but in the long-run demand side measures led to higher inflation and higher sovereign debt.en_UK
dc.publisherMDPI - Publisher of Open Access Journalsen_UK
dc.relation.ispartofseriesWorld;3(4), 772-782
dc.subjectpandemic responseen_UK
dc.subjectpublic spendingen_UK
dc.subjectEMU fiscal policyen_UK
dc.subjectgovernment spendingen_UK
dc.titleDiscussing EU Policies and Mechanisms towards the COVID-19 Pandemic Crisis: A Case Study of Greeceen_UK

Files in this item


This item appears in the following Collection(s)

Show simple item record
Except where otherwise noted, this item's license is described as