The current complicated economic situation in Greece - and the rising political uncertainty that once again accompanies it - has important repercussions for growth, incomes, employment and the banking system in both the short and long term. The new Greek government is trying to perform a...

The correct understanding of Greece's debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value defi nition. Changing the terms of debt changes the value of the debt in Greek governmental fi nancial statements correctly prepared...

Two Greek economic analysts explain the Greek financial crisis from beginning to end. The first section of Greece: From Exit to Recovery? explores the lead up to to Greece's adoption of the euro. Authors Theodore Pelagidis and Michael Mitsopoulos believe that the ensuing challenges were...

In the July-August Intereconomics' editorial note on Greece's accord with the creditors, Sebastian Dullien argues that “it is difficult to find anyone who honestly believes that the country's problems will be solved with this package”. He also emphasizes the critical issue of debt relief to...

An assessment of the dynamics and importance of Greece's potential Grexit is made to point out its pivotal role during the Eurozone's current crisis. Subsequently the case of the independence movement of Quebec is examined, to argue that once perceptions about the separation from a Union –...

Much has been said about the results of the austerity program dictated in Greece by the ‘Troika'. The official creditors initially sanctioned an implementation of the agreed conditionality program (included in the Memorandum of Understanding that also provisioned the official loans to the...

In this Chapter is to give an overview of the relevant literature that also provides the necessary starting point to investigate the relationship mentioned above between policy decisions and corruption. Then in section 3.3 we examine briefly what motivates agents to engage in activities that we...

Greece's economy symbolizes in many ways the Eurozone's economic problems and divergent interests as it amasses most of the economic disadvantages characterizing the Eurozone's economy itself. This book presents the economic and political challenges to Greece and the EU member states