Fiscal competition and economic freedom


Home > Authors > Costas Karfakis

Costas Karfakis

Articles by this author (1)


by Costas Karfakis    29 November 2013    1

The Greek governments had followed expansionary fiscal policies for many years. The government spending remained at high levels, chronic budget deficits continued, tax collection weakened, and public debt exceeded the size of the economy. The global economic crisis that started to take hold in (...)