, 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 …

persistently large budget and trade deficits. In 2015, under its third EU and IMF bailout, Greece has entered a spiral of … result of the austerity measures introduced as required to receive bailout funding. As a consequence, the health and … resources. This means that Greece has high cost/low outcome education and health systems. When the economic crisis struck, the …

Member State to resort to the then ad hoc EU-IMF financial assistance cooperation was Greece, opening the door of the … Eurozone Member States that eventually requested EU-IMF financial assistance (Greece, Ireland, Portugal, Spain, Cyprus), Greece … is the only one still receiving assistance. Despite the importance of the case of Greece, further contributions can be …