Noble International Journal of Economics and Financial Research

Online ISSN: 2519-9730 | Print ISSN: 2523-0565

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Volume 5 Number 10 October 2020

EURO PLUS PACT: THE GREEK CASE

Pages: 102-124
Authors: Marios-Georgios PSYCHALIS
Abstract

The Euro Plus Pact was adopted in March 2011 by 23 EU member states, under EU’s open method of coordination, aiming at a stronger coordination of competitiveness and convergence economic policies in the EU. It is based on four strategic pillars of equal importance, which are fostering competitiveness, fostering employment, contributing further to public finance sustainability and reinforcing financial stability, specified by various indicators and goals. This paper examines whether Greece has succeeded in implementing the recommended reforms and which are the results of these reforms by comparing more than 25 indicators. The assessment results show that Greece implements the recommended reforms, but they are not fully delivered because certain goals are not achieved.

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