consolidation and explains why austerity is so fiercely advocated by both core and periphery governments. The main reasons for the … governments, in cooperation with the European Commission, the ECB and the IMF, based on further austerity and wage cuts aggravate … to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …

The global economic crisis of 2008 has affected all European countries; Greece of course could not be the exception to … this "rule". First, the fact that Greece was unable to mitigate its public expenditures and to increase its revenues in … to a structural asymmetry within the Eurozone, contributed to Greece's "acquaintance" with the economic crisis. Its …

government bond spreads necessitated the implementation of austerity policies. Austerity however, may increase unemployment. If … costs of austerity. I develop a dynamic stochastic model of sovereign debt with long-term debt, endogenous haircuts and …

The economic crisis in Greece has affected almost all sectors of the economy and the great majority of households. Its …

This paper attempts to explore the effects of post-war war economic development model followed in Greece. The model is …