An innovative case study of one of the most recalcitrant member states of the EU: Greece. Based on extensive empirical research, the book relates its evidence to two major conceptual frames: 'Europeanization' and 'varieties of capitalism'. These are complementary and one compensates for the limitations of the other.

KEVIN FEATHERSTONE is the Eleftherios Venizelos Professor of Contemporary Greek Studies at the London School of Economics, UK, and Director of the LSE's Hellenic Observatory. He has published extensively on EU politics and Greek politics. His books includeThe Road to Maastricht: Negotiating Economic and Monetary Union (with K. Dyson),The Politics of Europeanization (edited with C. Radaelli);Politics and Policy in Greece: The Challenge of Modernisation (editor).

DIMITRIS PAPADIMITRIOU is Senior Lecturer at the University of Manchester and a Research Associate at the Hellenic Observatory at the London School of Economics, UK. He has previously held research and teaching posts at the Universities of Bradford, Leeds, the London School of Economics and Princeton University. He has published widely on EU enlargement and Greek Politics. His books includeRomania and the European Union: From Marginalisation to Membership andNegotiating the New Europe.

Introduction The Europeanization Process and the Greek Political System The Domestic Constraints in Reform Whose Benefits? The Elusive Reform of the Greek Pension System The Puzzle of Jobless Growth: The Challenge of Reforming the Greek Labour Market Destination Nowhere: Restructuring Olympic Airways/Airlines Conclusions