@inbook{10.7864/j.ctt6wpc8x.8,
 URL = {http://www.jstor.org/stable/10.7864/j.ctt6wpc8x.8},
 abstract = {This chapter investigates the extent to which the success of the “internal devaluation” (reduction of incomes and asset prices) strategy depended not only on quantitative aspects of the initiatives but also on qualitative implementation of those policy initiatives. While the apparent success of labor market reforms after 2012—that is, the stabilization and even gradual increase in employment levels after the large decline of the 2010–12 period—is noted, so are two other facts. First, as a result of widespread self-employment in Greece, the potential benefits of reducing private sector wage costs were limited, even before the adjustment program},
 bookauthor = {THEODORE PELAGIDIS and MICHAEL MITSOPOULOS},
 booktitle = {Greece: From Exit to Recovery?},
 pages = {41--84},
 title = {The Depression of the Century: Prejudice and Misguided Policies},
 year = {2014}
}