of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … that the austerity imposed since 2010 has been unsuccessful in stabilizing the debt while at the same time taking a heavy …

Greek’s government debt based on Greece meeting certain targets for structural economic reforms in areas such as its labor … market and pensions sector.The authors argue that the position of the European institutions that debt relief for Greece … cannot be part of an agreement is based on the illusion that Greece will be able to service its sovereign debt and reduce its …

exit would have devastating impacts both inside and outside Greece. A small reduction in the interest rate on bilateral … also benefit. In exchange for such help, the fiscal sovereignty of Greece should be curtailed further. An extended …