The outbreak of the sovereign debt crisis at the end of 2009 in Greece led to a severe recession, and constant economic … Greece over the period 1960 until currently. Our empirical findings suggest that high deficits, inflation and military … spending have been the primary causes of debt growth in Greece. The structural break models reveal a much higher effect of …

devel-oped countries, such as late-19th- and early-20th-century Greece, pub-lic spending played an important role in the …

from international capital markets after years of wars and financial mismanagement. A mission was sent to Greece by the …