, 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 …

The paper argues that capitalism can be analysed in six different periods. These are: the period of commercial … capitalism (1500-1750), the periods of the first and second industrial revolutions (1750-1860 and 1870-1914 respectively); the …