Opening Pandora's Box: The Sovereign Debt Crisis and Labour Market Regulation in Greece

Koukiadaki, Aristea; Kretsos, Lefteris

doi:10.1093/indlaw/dws031

Cited by 60 publications

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“…Since the transformation of the US sub-prime crisis into a European sovereign debt crisis, the country was forced to follow Washington consensus-type policies by the European Union, the International Monetary Fund, and the European Central Bank (the so-called Troika), going through an abrupt liberalization process, especially in the labour market realm. It is not the purpose of this article to provide a detailed empirical account of these changes, because these shifts have been documented elsewhere (see Ioannou, 2012 andKaramessini, 2012;Koukiadaki and Kretsos, 2012). Instead, the distinctive contribution of this article is to analyse these changes within the conceptual frame offered by the varieties of capitalism literature.…”

Section: Résumé De L'articlementioning

confidence: 97%

The Transformation of Employment Regulation in Greece: Towards a Dysfunctional Liberal Market Economy?

Kornelakis

Voskeritsian

2014

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Tous droits réservés © Département des relations industrielles de l'Université Laval, 2014Ce document est protégé par la loi sur le droit d'auteur. L'utilisation des services d'Érudit (y compris la reproduction) est assujettie à sa politique d'utilisation que vous pouvez consulter en ligne.https://apropos.erudit.org/fr/usagers/politique-dutilisation/ Cet article est diffusé et préservé par Érudit.Érudit est un consortium interuniversitaire sans but lucratif composé de l'Université de Montréal, l'Université Laval et l'Université du Québec à Montréal. Il a pour mission la promotion et la valorisation de la recherche. Résumé de l'article Depuis l'avènement de la crise de la dette européenne, les conditions de sauvetage financier imposées à la Grèce ont graduellement déplacé leur cible d'un « resserrement » des finances publiques à l' « amélioration de la capacité concurrentielle » de l'économie. Au cours de ce processus, la négociation collective a été ciblée comme domaine de réforme prioritaire, avec pour résultat un démantèlement graduel du système. L'objet principal de cet article est d'analyser les changements survenus dans le cadre institutionnel de la régulation de l'emploi, à partir des éclairages nous provenant de la littérature sur les types de capitalisme. On y argumente que l'injection d'éléments du libre marché dans le système d'emploi de la Grèce s'avère susceptible de transformer le pays en une économie de libre marché dysfonctionnelle.Les changements apportés dans la régulation collective de l'emploi ne tiennent pas compte des spécificités et des particularités du modèle méditerranéen de capitalisme et, ce faisant, risquent de laisser le pays avec le « pire des deux mondes » : une performance économique sous-optimale et une cohésion sociale diluée. L'article est structuré de la façon suivante. D'abord, le débat sur les types de capitalisme est considéré à la lumière de la crise globale. Ensuite, les caractéristiques principales du modèle de relation d'emploi grec sont discutées. Puis, la transformation de la régulation de l'emploi dans la foulée du sauvetage financier est examinée. Enfin, l'évolution vers une économie de libre marché dysfonctionnelle est analysée. La dernière section présente notre conclusion. 344© département des relations industrielles, université laval -issn 0034-379X -ri/ir, 69-2, 2014, 344-365 The Transformation of Employment Regulation in Greece: Towards a Dysfunctional Liberal Market Economy? Andreas Kornelakis and Horen voskeritsianSince the eruption of the European sovereign debt crisis, the bailout conditions imposed on Greece have gradually shifted their emphasis from ''tidying up" public finances towards ''improving the competitiveness" of the economy. The employment relations system has been targeted as one of the priority areas for reform, which resulted in its gradual dismantling. The article analyses this transformation in employment regulation, using insights from the varieties of capitalism literature. It is argued that the ongoing injection of liberal market el...

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Section: Résumé De L'articlementioning

confidence: 97%

The Transformation of Employment Regulation in Greece: Towards a Dysfunctional Liberal Market Economy?

Kornelakis

Voskeritsian

2014

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“…4 As a result of the use of this exceptional procedure, there was no substantive public consultation over the reforms. This was justified on the basis that 'it was not possible to accommodate participatory methods when Greece was about to default on its loans' (Koukiadaki and Kretsos 2012).…”

Section: The Necessary Form Of the Memorandummentioning

confidence: 99%

The Form and Content of the Greek Crisis Legislation

Kivotidis

2017

Law Critique

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This paper offers a dialectical analysis of the law relating to the Greek crisis. The form and content of the measures introduced in the Greek legal system to deal with the debt crisis is examined under the concept of 'necessity'. It is argued that this concept, used by the Greek Council of State to justify the constitutionality of these measures, opens a path for a more comprehensive analysis of the measures implemented through the mechanism of the Greek Memoranda of Understanding. The measures are seen as 'necessary': on the one hand in their accordance and basis on principles of the European Union; on the other hand in their class orientation and reflecting of specific social (class) interests. But despite their necessity, neither their content, nor the form of implementation of these measures is fixed; it is rather contingent, i.e. dependent on the level of intensification of social (class and intraclass) and economic antagonisms.

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“…In order to achieve this, Greece was faced with two choices: reduced salaries in the private sector by law or creating a more flexible bargaining system' (International Labour Organization, 2011: 26). Consequently, company agreements were allowed to derogate from sectoral agreements, initially provided, that were signed by the company union or, if there was no such union, by the sectoral union, but these procedural safeguards were repealed by legislation in 2011 enabling all companies to conclude such agreements provided that three-fifths of the employees formed an 'association of persons' (Koukiadaki and Kretsos, 2012). In addition, the favourability principle and the extension of sectoral and occupational collective agreements were temporarily suspended.…”

Section: Macro-level Changes During the Crisismentioning

confidence: 99%

Deconstructing the Greek system of industrial relations

Koukiadaki

Kokkinou²

2016

European Journal of Industrial Relations

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Under external pressure, the Greek system of industrial relations has undergone radical regulatory changes since 2010. These have led to a significant contraction of higher level bargaining and a process of disorganized decentralization, bringing the collective bargaining system to a brink of collapse. Emerging demands on the part of both employers and unions to preserve multi-level bargaining, together with greater support on the part of the state, could halt or even reverse some of these trends. But the scope for success of such efforts depends on how far 'regulated austerity' continues to dominate European policy.

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Opening Pandora's Box: The Sovereign Debt Crisis and Labour Market Regulation in Greece

Cited by 60 publications

References 0 publications

The Transformation of Employment Regulation in Greece: Towards a Dysfunctional Liberal Market Economy?

The Transformation of Employment Regulation in Greece: Towards a Dysfunctional Liberal Market Economy?

The Form and Content of the Greek Crisis Legislation

Deconstructing the Greek system of industrial relations

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