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Published in:
2011 | OriginalPaper | Chapter
The Economic Recession in Greece
Author : Ross Fakiolas
Published in: The Konstantinos Karamanlis Institute for Democracy Yearbook 2011
Publisher: Springer Berlin Heidelberg
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Intense economic fluctuations in output and overall prosperity have occurred for a long time, with different causes by period and geographic region. The main causes include climate change, pandemics, depletion of basic natural resources, application of new technologies, overproduction of some basic products (transport equipment, houses) and the unwarranted growth of the money and financial sector (Schumpeter, 1943).