Authors: Alex Afouxenidis and Manto Lampropoulou
Abstract: The Greek economy shifted towards liberalization via privatization after the mid 1990s. Major parts of the economy, such as telecommunications, energy and the financial sector, became private. However this transition added new financial burdens to the state generating substantial amounts of debt which peaked during the current financial crisis. This paper explores the interdependence between privatized sectors and the state, through comparing
Keywords: State reform, privatization, liberalization, democracy, accountability, social inequality, public utilities.