The Greek Government agrees to the Memorandum of Understanding with EU Commission, ECB, and IMF on specific economic and competition policy conditionality for granting financial assistance

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 [1], pledged on 2 May 2010 by the European Commission, the European Central Bank (ECB) and the International Monetary Fund

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Authors

  • Potamitis Vekris (Athens)
  • Hellenic Competition Authority (Athens)

Quotation

Dimitris Loukas, Lefkothea Nteka, The Greek Government agrees to the Memorandum of Understanding with EU Commission, ECB, and IMF on specific economic and competition policy conditionality for granting financial assistance, 2 May 2010, e-Competitions May 2010, Art. N° 37517

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