21 Many households had been contending with volatile incomes even before the large negative shocks of the Great Recession and the increase in contingent work  19  See, for example, Parker (2014) and Sufi (2014) for useful, research-founded ideas for assessing and monitoring the potential for financial fragility among households in the context of the financial system; see also Palumbo (forthcoming) for a particular application.
Some economists say: It's not about lower labor costs, the Greeks simply don't have products that can compete internationally. That is not true! We have tourism, shipping, light industry, agriculture, sources of renewable energy and so on – plus our ports are uniquely placed to serve as transportation hubs for a much broader area.