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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 …, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …
Persistent link: https://www.econbiz.de/10010530650
to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …
Persistent link: https://www.econbiz.de/10011515832
Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making level. This paper looks at the Greek debt and four...
Persistent link: https://www.econbiz.de/10010492731
This paper reviews the fiscal developments that led Greece from a successful convergence process and the adoption of …
Persistent link: https://www.econbiz.de/10014078158
Persistent link: https://www.econbiz.de/10011550857
Persistent link: https://www.econbiz.de/10011414555
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …
Persistent link: https://www.econbiz.de/10011308548
Seit fünf Jahren werden Griechenland, Irland, Portugal, Spanien und Zypern durch Hilfsprogramme des Euro …
Persistent link: https://www.econbiz.de/10010533324
We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10013043183
We shed light on the function, properties and optimal size of austerity using the standard sovereign debt model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the level desired by a country and supported by its repayment...
Persistent link: https://www.econbiz.de/10013030311