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Germany and Greece : a mapping of their great divide and its EU implications

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Τίτλος: Germany and Greece : a mapping of their great divide and its EU implications
Συγγραφείς: Bitros, George C.
Στοιχεία εκδότη: University of Piraeus. International Strategic Management Association
Έτος έκδοσης: 2018
Συλλογή: University of Malta: OAR@UM / L-Università ta' Malta
Θεματικοί όροι: European Union -- Greece, European Union -- Germany, Economic development -- Greece, Economic development -- Germany, Business planning -- Greece, Business planning -- Germany
Περιγραφή: The economic constitutions of Germany and Greece have resulted in the post-war period in two economies that are based on two vastly different philosophies. Germany has built a highly competitive, outward looking economy based essentially on the principles of the so-called “Social Market Economy”, whereas Greece has set up a “state-managed economy” by drawing on the principles of central planning and administrative controls. This divide is equally stark, if assessed on the basis of the performance of the two economies. For, as it is known by now, Germany has become once again the powerhouse of Europe while Greece has gone bankrupt. As to the implications of this great divide for the future of the EU, its identification and map-ping helps understand why convergence criteria on the basis of economic performance and living standards should be abandoned in favour of criteria based on the widening and deep-ening of the four European freedoms. A multispeed Euroland enmeshed in these freedoms is going to be more democratic, more cohesive and a much happier union for the European citizens to call homeland. ; peer-reviewed
Τύπος εγγράφου: article in journal/newspaper
Γλώσσα: English
ISSN: 11082976
Relation: https://www.um.edu.mt/library/oar//handle/123456789/34254
Διαθεσιμότητα: https://www.um.edu.mt/library/oar//handle/123456789/34254
Rights: info:eu-repo/semantics/openAccess ; The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.
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  Data: Germany and Greece : a mapping of their great divide and its EU implications
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  Data: <searchLink fieldCode="DE" term="%22European+Union+--+Greece%22">European Union -- Greece</searchLink><br /><searchLink fieldCode="DE" term="%22European+Union+--+Germany%22">European Union -- Germany</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+development+--+Greece%22">Economic development -- Greece</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+development+--+Germany%22">Economic development -- Germany</searchLink><br /><searchLink fieldCode="DE" term="%22Business+planning+--+Greece%22">Business planning -- Greece</searchLink><br /><searchLink fieldCode="DE" term="%22Business+planning+--+Germany%22">Business planning -- Germany</searchLink>
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  Data: The economic constitutions of Germany and Greece have resulted in the post-war period in two economies that are based on two vastly different philosophies. Germany has built a highly competitive, outward looking economy based essentially on the principles of the so-called “Social Market Economy”, whereas Greece has set up a “state-managed economy” by drawing on the principles of central planning and administrative controls. This divide is equally stark, if assessed on the basis of the performance of the two economies. For, as it is known by now, Germany has become once again the powerhouse of Europe while Greece has gone bankrupt. As to the implications of this great divide for the future of the EU, its identification and map-ping helps understand why convergence criteria on the basis of economic performance and living standards should be abandoned in favour of criteria based on the widening and deep-ening of the four European freedoms. A multispeed Euroland enmeshed in these freedoms is going to be more democratic, more cohesive and a much happier union for the European citizens to call homeland. ; peer-reviewed
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