ABSTRACT
The national context is currently dominated the issue of public debt and its domino effect. In May 2010, the European Union, the European Central Bank and the International Monetary Fund launched a €110 billion support programme to enable Greece to overcome its debt crisis. Following Greece's financial crisis, all three sustainability pillars – economic, social and the environmental – face significant challenges. Since the financial crisis, Gross Domestic Product has decreased for six consecutive years. The resulting shrinkage in domestic business activity and constrained liquidity in both the financial sector and the real economy have reinforced the survival mode of business sustainability. The crisis has also provided new environmental challenges. According to Lekakis and Kousis, the austerity policies are undermining the progress made in the precrisis years in implementing European Union environmental policies. According to the draft National corporate social responsibility Action Plan, the current national regulatory and legislative approach to sustainability is complicated and disintegrated.
