The Effectiveness of the Adjustment Policies Applied to the Greek Economy

The pursued management of the crisis in Europe is aiming to reduce the public sector drastically, ostensibly in order to render the economy healthy. This fact leads to the reduction of the welfare state and of all sorts of public goods. At the same time, structural features of the European Union do not leave any room for the adoption of measures capable of creating the conditions for the recovery of economic activity. The solutions proposed are reproducing the problem, since the continuous reduction of the level of income is in turn affecting the goals pursued. The policies that are constantly applied are not taking national peculiarities into consideration, a fact that makes the possibility of their implementation, as well as their long-term effectiveness, disputable.