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 …

Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards … depends on their ability to control state budgets to reward clients. In Greece, where parties relied extensively on these … clientelistic linkages, austerity reforms have been characterised by recurring conflicts and disagreements between the main parties …

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 … structural imbalances of the eurozone is of vital importance. …