, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the … onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece …

Athens, Greece May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together … agreed to a savage package of Austerity Measures involving cuts in public spending and lower salaries and pensions. Outside …, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and …

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 …