The following are outlines for the Keynote Speeches which will take place at ECIE 2019.
After the Memoranda - Etatism’s War of Attrition in the EU: The Greek Case
The economic crisis of Greece started in 2009-10 turned out to be the deepest and longest in Europe with unprecedented high unemployment and a dramatic fall of the GDP. We attempt to explain depth and length of the crisis by referring mainly to the power of resistance of the etatist regime that has been built during the decades preceding the crisis. Etatism, is characterized by a set of norms, practices (ex. clientelism), weak and non-inclusive institutions, and links between politicians and organized interest groups defying fair competition and enjoying privileged access to the government. It has also shaped an ”entrepreneur model” marked by family structures, small size, inward orientation, risk aversion and limited adjustment capacity. Etatism explains the broad and stubborn resistance against many reforms of the memoranda (i.e. market oriented adjustment programs developed by the “Troika”). We discover that Greece has made under external pressure significant progress in reducing public deficits and implementing some reforms, but the war of attrition of vested interests against reforms has led to non-observance of many critical targets: public administration reform lags far behind schedules, services markets are poorly liberalized, privatizations encounter high hurdles, there are still barriers to competition in key sectors, pension reforms are under threat to be reversed, the judicial system still remains inefficient.
Innovation and entrepreneurship during and after the Greek crisis
Prof. Aggelos Kotios, The University of Piraeus
Innovation and entrepreneurship are embedded phenomena in the socioeconomic environment. Relevant funding and investments, institutions, regulations, demographic changes and the overall stability and competitiveness of the economy determine the business environment where existing firms and start-ups are asked to operate. The Greek economic environment has been impeded by the Greek debt crisis and austerity measures during the last ten years. The keynote speech of Professor Kotios addresses how entrepreneurship and innovation in Greece have been influenced by the Greek financial crisis. Not only evolution of these phenomena during the Greek memoranda (2010-2018), but also their current and future state is discussed.