On trial: the future of Greece's Competition Commission
Monday, 18 July 2011
Rachel Bull and Faaez Samadi
Featured In: July 2011 (Vol. 14 Iss. 5)
Greece is fighting for its economic life. Its survival depends on a multi-billion euro loan from the European Union and the International Monetary Fund. Without it, Greece will default on its debts, placing severe strain on the resources of the European Central Bank and driving up the cost of borrowing. But to secure the bailout, Greece must pass punishing austerity measures that will strip public services bare. In the face of such turmoil, the country’s Competition Commission is in danger of becoming an irrelevance.
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