Hausken, Kjell; Welburn, Jonathan W. - In: Journal of Economic Studies 49 (2020) 1, pp. 23-43
Purpose: The article develops a model to interpret the 2010–2018 financial crisis in Greece, Portugal, Ireland, Spain and Cyprus, and the loan programs from the IL (International Lender; i.e. the European Union, the European Commission, and the International Monetary Fund)....