Austerity, coupled with wage and pension cuts, increased taxes on incomes and property, a severe recession, high unemployment and poverty rates, especially in Greece, are often regarded as the cause of a significant increase in inequality in the crisis-hit Southern European countries. However, even before the crisis, two of these countries (Portugal and Italy) ranked […]
Tassos Giannitsis and Stavros Zografakis
Tassos Giannitsis is Professor emeritus at the Department of Economics, National Kapodistrian University of Athens. He served at the Department of Economics from 1975 to 2011 and was Minister during 2000-2004 and 2011-2012. Stavros Zografakis is Professor and Deputy Rector at the Agricultural University of Athens. He is currently teaching Theory and Policies of International Trade and Macroeconomic Theory.