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GEORGE ECONOMAKIS, MARIA MARKAKI & GEORGE ANDROULAKIS

The Greek economy arose as the main ‘weak link’ in the global economic crisis because of the ‘extraverted’ model of Greek capitalism. It is this model that leads to systematic transfers of value to the imperialist countries forming the substratum of the current crisis. The crucial parameter of these transfers is the dissimilarity of trade-production structure between the Greek economy and the hard core of its commercial competitors (Eurozone), which is expressed in Greek terms of trade deterioration.