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Deregulating Greece


A new book on the Greek financial crisis and beyond includes a chapter on market regulation and competition co-authored by Dr Christos Genakos of Cambridge Judge Business School.

Deregulating Greece

Dr Christos Genakos
Dr Christos Genakos

A new book about the Greek financial crisis includes a chapter on boosting Greece’s competitiveness through more efficient regulation co-authored by Dr Christos Genakos, University Senior Lecturer in Economics at Cambridge Judge Business School.

The book, published by MIT Press, is entitled Beyond Austerity: Reforming the Greek Economy. It is being launched at events in Athens, Frankfurt and London, including a 30 October event that Christos will attend in London, organised by the Institute for Fiscal Studies, London School of Economics (LSE), and the Hellenic Observatory, part of the European Institute at the LSE.

Book cover, Beyond austerity: reforming the Greek economy
Book cover: Beyond Austerity

The book looks beyond the immediate issues of Greek’s debt and its future in the eurozone to examine what made Greece vulnerable to the financial crisis to begin with, in order to draw conclusions about implications for the entire eurozone.

The chapter co-authored by Christos is entitled “Product Market Regulation and Competitiveness: Toward a National Competition and Competitiveness Policy for Greece”. It argues that Greece’s low competitiveness is linked to heavy and inefficient regulation that creates high barriers to market entry and closed professions, and calls for reforms in areas including wholesale electricity, telecommunications and competition law.

The chapter is co-authored by Professor Yannis Katsoulacos of Athens University of Economics and Business, Dr Christos Genakos of Cambridge Judge Business School, and Dr George Houpis of London-based Frontier Economics.