In view of the Greek government’s efforts to meet the convergence criteria as soon as possible in order to be able to enter the third stage of European Economic and Monetary Union (EMU) on January 1, 2001, this work evaluates Greece’s convergence picture. Aspects of nominal, real economic and legal convergence as well as the private sector’s preparations for the euro changeover and the public’s acceptance of the new currency are analyzed in an interdisciplinary and practice-oriented manner. The concept is completed by including the German experience with EMU.
From the contents:
Legal issues surrounding Greece’s entry into monetary union.
– Economic costs and benefits
– Delays and inconsistencies in Greek convergence policy in the 1990s
– Convergence criteria and macroeconomic adjustment
– Fiscal policy conditions
– The importance of EU structural fund support
– Changes in the Greek administration
– Institutional adjustment of the Bank of Greece
– Opportunities and risks of the euro for the Greek economy
– The acceptance of the Euro by the citizens (panel discussion)
The work is in German and English and includes summaries in Greek.
