The views expressed here are the authors' alone. 1. Introduction Faced with the current economic crisis, the Hellenic Competition Commission (HCC) has a crucial role to play in safeguarding the conditions of effective competition and in fostering a genuine “competition culture” in Greece. Free and undistorted competition is a key remedy for the Greek economy, troubled for many decades by the syndromes of a small market economy (considerable barriers to entry, oligopolistic structures with high transparency, collectivist business culture, strong industrial families etc) and a tradition of regulatory state intervention. The three-year Economic Adjustment Programme , pledged on 2 May 2010 by the European Commission, the European Central Bank (ECB) and the International Monetary Fund
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