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"The road to recovery and to sustainable transformation for the Greek economy will continue to be long and bumpy. Basing their analyses on a macroeconomic model and input-output analysis of labor-market dynamics, Petrakis and his contributors highlight the challenges ahead. For employment to grow and competitiveness to improve, the end of austerity measures will not be enough. The underlying structural problems that produced rising budget and current account deficits and led to the debt crisis need to be tackled via credible and long-lasting reforms. Productive restructuring towards dynamic tradable sectors, educational reform, and investments in human capital and R&D are top policy priorities to be underpinned by a transparent regulatory framework and appropriate labor market policies. Identifying the steps to be taken and the trade-offs implied makes this book worth reading and a valuable contribution to policy making." - Louka T. Katseli, Professor, University of Athens, Greece; former Minister of Economy, Competitiveness, and Shipping, Greece; former Minister of Labour and Social Protection, Greece