Greek economy: the trajectory from crisis to sustainable growth

Hosted by the Hellenic Observatory

CBG.1.06, 1st floor, Centre Building, LSE, United Kingdom


Dr Anthony Bartzokas

Dr Anthony Bartzokas

Dr Peter Sanfey

Dr Peter Sanfey


Professor Vassilis Monastiriotis

Professor Vassilis Monastiriotis

The Greek economy went through a steep recession in the aftermath of the global financial crisis. The economic recovery that is underway in Greece is confronted with new challenges for sustainability and resilience.

This seminar draws on a forthcoming book titled “Macroeconomic adjustment and investment recovery in Greece: the economics of a special case” by Palgrave. We provide an explanatory framework of what drives the adjustment process during a special case of deep recession under constrained policy options and enrich the debate on reforms sequencing and relevant growth and welfare implications during an economic transition by applying the concept of binding constraints as the guiding principle for the design of the direction of reforms and the search process for new growth drivers.

Meet our speakers and chair

Anthony Bartzokas is Professorial Fellow at the United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology, Visiting Professor in Practice at the London School of Economics and Political Science, and an Associate Professor at the University of Athens with extensive experience in academia, policy relevant research and real-life exposure to investment decisions, innovation dynamics and financial markets as a former European Bank for Reconstruction and Development Board Member. During his fellowship at LSE, Prof Bartzokas is working on three projects: (a) The political economy of macroeconomic adjustment (the case of Greece), (b) Regional economic corridors in South East Europe and (c) Financial Innovation and Multilateral Development Banks.

Peter Sanfey is Deputy Director for Country Economics and Policy within the Economics, Policy and Governance Department at the European Bank for Reconstruction and Development (EBRD) in London. Between 2017 and 2020 he was also a Senior Visiting Fellow at the LSEE Research on South Eastern Europe group within the European Institute, London School of Economics. He holds a BA in Economics from Trinity College Dublin and a Ph.D. in Economics from Yale University. He was a lecturer in economics at the University of Kent at Canterbury prior to joining the EBRD. Dr Sanfey has published widely in academic journals and edited volumes on various topics, mainly covering transition economics, macroeconomics, labour economics, and subjective measures of well-being. For more than two decades he has been analysing economic developments and reform challenges in south-eastern Europe and he has co-authored two books and numerous journal articles and book chapters on this region.

Vassilis Monastiriotis is Eleftherios Venizelos Chair of Contemporary Greek Studies and Professor of Political Economy, EI, LSE

The twitter Hashtag for this event is: #LSEGreece

The Hellenic Observatory (@HO_LSE) is internationally recognised as one of the premier research centres on contemporary Greece and Cyprus. It engages in a range of activities, including developing and supporting academic and policy-related research; organisation of conferences, seminars and workshops; academic exchange through visiting fellowships and internships; as well as teaching at the graduate level through LSE's European Institute.

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