Gibson, Heather D.; Hall, Stephan G.; Tavlas, George S. - Department of Economics, Leicester University - 2011
We discuss the origins of the Greek financial crisis as manifested in the growing fiscal and current-account deficits since euro-area entry in 2001. We then provide an investigation of spreads on Greek relative to German long-term government debt. Using monthly data over the period 2000 to 2010,...
