Download or read book Economic Situation in Greece and the Bank of Greece written by Trapeza tēs Hellados and published by . This book was released on 2007 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Situation in Greece and the Bank of Greece written by Trapeza tēs Hellados and published by . This book was released on 1976 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Financial Crisis and its Impacts on Greece written by Richards Macdonald and published by GRIN Verlag. This book was released on 2013-04-22 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2012 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, The University of Chicago, language: English, abstract: In 2008, the world witnessed economic turndown of the most dangerous nature since the Great Depression of the 1930s. It all began in 2007 when high home prices in the United States turned downward that spread quickly to the entire US financial sector and then to financial markets globally. The overall casualty in the United States included the biggest insurance company, the entire investment banking industry, the largest mortgage lender, two of the largest commercial banks and the largest savings and loan. The impact of downfall in the United States had a huge impact globally and specifically the European countries. The worst hit country by financial turn down was Greece (Salas et al, 2010). Greece even before joining the Euro was living beyond its means. After adopting single currency, public spending soared. Between 1999 and 2007, public wages increased by 50%, faster than most of the countries in Eurozone. The government also hosted 2004 Athens Olympics and piled up debt. The debt in Greece kept soaring till the point where the country was no longer able to repay its debts. Greece was forced to ask for help from the IMF and European parts in the form of massive loans (Shiller, 2008). This research analyzes the global financial crisis and its impacts on Greece. It analyzes the austerity measures taken up by Greece and its impacts on the country. The research analyzes the bail outs that were granted to Greece to save the country from defaulting. IMF, World Bank and European Central Bank helped Greece by providing loans along with strict austerity measures by the economy of Greece had continuously shrank and the situation is not getting any better. The aims and objectives of the research include: • Analyzing the current financial crisis in Greece • Analyzing if there is any opportunity present in Greece for economic revival • Proposing a plan for revival of Greece’s economy For analyzing the financial situation of Greece, secondary data was used for extensive and in-depth analysis. The secondary research data sources included books, case studies, articles and literature review. With this methodology, the research investigated and analyzed the weaknesses and strengths of steps that were taken in Greece in order to counter the financial crisis. The analysis revealed that it was the poor taxation policies and economic structure that contributed to the worsening financial situation of Greece.

Download or read book The Greek Economy and the Crisis written by Panagiotis Petrakis and published by Springer Science & Business Media. This book was released on 2011-10-27 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book “The Greek Economy and the Crisis. Challenges and Responses” targets all those who think about the present and future of this (culturally) long-lived small geographic region (Greece), to form a personal view of its social and economic problems. A society that repeats the same types of behaviour over the centuries does not do so due to random mistakes. It contains intrinsic forces that affect it. These should be understood, to allow us to delineate future developments. However, the manner in which the social and economic process is perceived must be comprehensive and multidisciplinary: Economics, politics, social psychology and organizational psychology are essential to this analysis. Thus, the book is useful to those seeking information for their professional, scientific and personal development, allowing them to shape their social attitude. It is also useful to those responsible for taking decisions at national, European or enterprise level, in relation to the social and economic problems of Greece.

Download or read book Greece s Economic Performance and Prospects written by Ralph C. Bryant and published by Brookings Institution Press. This book was released on 2001 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: Careful analysis of an individual nation's economy is difficult even for insiders who know aspects of their own economy well. Good analysis is that much more difficult for outside economists who lack detailed knowledge of the economy. Yet outsiders can bring a fresh perspective that raises interesting questions and sometimes contributes new insights. When insiders and outsiders cooperate together, the resulting analysis may be a significant improvement over what each group could achieve by themselves. This book results from a collaboration among Greek and non-Greek economists, sponsored by the Bank of Greece and the Brookings Institution. By combining the expertise of Greek and non-Greek economists, the project has sought to achieve two broad goals. The first is to facilitate understanding of Greek observers about their economy and to stimulate a constructive policy debate within Greece. The second complementary goal is to provide an analysis of the Greek economy useful to observers of other nations whose economic situations and problems have similarities with those of Greece.

Download or read book Modeling Economic Growth in Contemporary Greece written by Vasileios Vlachos and published by Emerald Group Publishing. This book was released on 2021-11-04 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modeling Economic Growth in Contemporary Greece assesses the conditions shaping the Greek economy's restart, discussing the effect of institutions on the business environment and highlighting the factors which are critical for achieving sustainable economic growth.

Download or read book Economic Crisis Health Systems and Health in Europe written by Sarah Thomson and published by Open University Press. This book was released on 2015-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic shocks pose a threat to health and health system performance by increasing people's need for health care and making access to care more difficult - a situation compounded by cuts in public spending on health and other social services. But these negative effects can be avoided by timely public policy action. While important public policy levers lie outside the health sector, in the hands of those responsible for fiscal policy and social protection, the health system response is critical. This book looks at how health systems in Europe reacted to pressure created by the financial and economic crisis that began in 2008. Drawing on the experience of over 45 countries, the authors:' analyse health system responses to the crisis in three policy areas: public funding for the health system; health coverage; and health service planning, purchasing and delivery 'assess the impact of these responses on health systems and population health' identify policies most likely to sustain the performance of health systems facing financial pressure' explore the political economy of implementing reforms in a crisisThe book is essential reading for anyone who wants to understand the choices available to policy-makers - and the implications of failing to protect health and health-system performance - in the face of economic and other forms of shock.--

Download or read book The Greek Economy written by N. Pirounakis and published by Springer. This book was released on 1997-08-13 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union's weakest economy is in crisis. This makes Greece's participation in European Monetary Union doubtful and weakens her security against mounting foreign pressures. She must improve her economic performance dramatically. The book explains why Greece has lost ground and covers growth, inflation, public debt, banking, social security, industry, housing and tourism. The social and political roots of the crisis are identified. The road for recovery is outlined. Passionately written, it is also a rich source of data on Greece not readily found elsewhere.

Download or read book Political Economy Perspectives on the Greek Crisis written by Ioannis Bournakis and published by Springer. This book was released on 2017-11-27 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing.

Download or read book Understanding the Crisis in Greece written by M. Mitsopoulos and published by Springer. This book was released on 2011-01-19 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the tensions in the Greek economy take centre stage in the international headlines, this book examines the failed policies and political corruption that have bankrupted the nation. The authors comment on recent bailouts and haircuts and explore the uncertain future of Greece in the Eurozone.

Download or read book Looting Greece written by Jack Rasmus and published by SCB Distributors. This book was released on 2016-09-20 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looting Greece examines how and why the Syriza party, which took power in January 2015 promising to end austerity, and return Greece to economic growth, ended up agreeing to a deal much worse than its political predecessors in 2010 and 2012. Placing the Greek events of 2015 in broader historical perspective, Rasmus argues a radical new neoliberal initiative in Europe has emerged. In the 2015 debt deal the Troika will now directly manage Greece’s economy―running its banks, writing Greece’s budget, vetting and replacing government ministers, exercising veto rights over Greece’s parliament and Executive agencies, dictating its taxes, and implanting ‘Troika Commissars’ to watch over and approve day to day decisions of Greek government at all levels. Looting Greece explains how a new kind of financial imperialism is emerging in Greece, Europe’s periphery, and soon elsewhere.

Download or read book The Economic Situation in Greece and the Bank of Greece in 1950 written by G.A.. Mantzavinos and published by . This book was released on 1951 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book SME Finance and the Economic Crisis written by Alina Hyz and published by Routledge. This book was released on 2019-05-22 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the financing problems of Greek small and medium-sized enterprises (SMEs), within a liberalized financial system and within an economic environment of fiscal and monetary constraints. Using recent data covering a ten-year period, the main aim of the research is to explain the interdependence between the situation of the banking sector generally and that of small and medium enterprises. The author argues that the reluctance of banks to lend to Greek companies because of the strict financing constraints, due to the national debt crisis, serves to exacerbate the cycle of economic recession. This factor seriously undermines the efforts of Greek companies to develop growth opportunities, and negatively affects their competitiveness as well as their ability to strengthen their market position. The author examines the supply and demand aspect of the problem: there is lower demand for lending due to the decline of demand for goods and services as well as a tightening of banks’credit standards, whilst on the supply side, the deteriorating financial situation of banks and their willingness to avoid increasing risk are important contributing factors. Finally, the author presents the main conclusions of the analyses carried out in the previous sections of the book and discusses some relevant recommendations for future research. Building on the extant literature, this book analyses the problem from the point of view of both businesses and the banking sector. The study is useful for scholars, businesses and policy decision makers who are interested in the problem of small and medium-sized enterprises financing.

Download or read book The Economy of Greece 1944 66 written by Wray O. Candilis and published by Greenwood. This book was released on 1968 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the economic development of Greece during the period from 1944 to 1966 - covers the economic structure, inflation, monetary policy, the role of USA in providing economic aid, reorganisation of the banking system, the balance of payments, fiscal policy, emigration, association with the EC, aspects of national planning, production, trends, etc. Statistical tables.

Download or read book Who s to Blame for Greece written by Theodore Pelagidis and published by Springer Nature. This book was released on 2021-05-07 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This expanded and enlarged third edition of Theodore Pelagidis and Michael Mitsopoulos’ popular Who’s to Blame for Greece? covers almost a decade of Greece's economic crisis from 2009 to 2019, as well as recent developments in the first months of 2020. It provides an overview of recent developments in the Greek economy and outlines the most important obstacles to a return to robust and sustainable growth rates. It considers the new optimism being developed in Greece after the crisis, but also the policy challenges facing Greece emanating from a deeply hurt economy in the aftermath of the crisis and the structural problems that persist. The book covers the most recent issues that affect the Greek economy including, the migration crisis at the borders with Turkey as well as a faltering global economy hit by the Covid-19 pandemic. This book will appeal to researchers, practitioners and policy makers interested in the EU and the political economy of Greece and offers valuable updates on the second edition.

Download or read book Greece written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-11-15 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Greece discusses that public debt is projected to trend down over the next decade, though long-term sustainability is not assured under realistic macro-fiscal assumptions. Still-weak bank balance sheets act as a drag on growth prospects and pose significant fiscal and financial stability risks. These and other factors leave Greece vulnerable to a range of external and domestic shocks. Greece’s prospects for improved living standards and economic convergence within the Euro Area (EA) depend on implementing a critical mass of inter-related fiscal, financial, and structural policy reforms. In order to achieve better growth and social outcomes, the fiscal policy mix should be improved, with more emphasis on investment and targeted social spending and lower direct taxes, backed by reforms in revenue administration and public financial management. Greece’s success within the currency union critically hinges on narrowing its structural competitiveness gap. Policies should focus on productivity enhancement through improved labor market flexibility, more effective labor activation policies, stronger institutions, and business deregulation.

Download or read book The Greek Debt Crisis written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-05-05 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2009, Greece has grappled with a serious debt crisis. Most economists believe that Greece's public debt, 180% of Greek gross domestic product (GDP), is unsustainable. The ramifications of the debt have been felt throughout the Greek economy, which contracted by 25% from its pre-crisis level. A fifth of Greeks are unemployed, with youth unemployment at nearly 50%, and the Greek banking system is unstable. Although other Eurozone governments, the International Monetary Fund (IMF), and the European Central Bank coordinated a substantial crisis response, Greece continues to face serious economic challenges. The economic crisis in Greece is also one of several major challenges currently facing the 28-member European Union (EU) that have heightened concerns about the legitimacy and structure of the EU and its institutions and raised questions about the bloc's future shape and character. Acrimonious debates among European leaders about the appropriate response to the Greek crisis and other challenges have heightened political tensions in Europe that could negatively affect the EU over the longer term. In particular, the crisis in Greece has exposed problems with the institutional architecture of the Eurozone, whose member states share a common currency and monetary policy, but retain national control over fiscal and banking policies. Recent Developments and Outlook In the short-term, attention is focused on whether the Greek government can make 6.3 billion (about $6.7 billion) in debt payments falling due in July. The Greek government and European creditors are in negotiations to unlock disbursements of financial assistance to the Greek government that would allow it to make the July repayments. If an agreement cannot be reached, Greece may again default on its debt. A key issue in current negotiations is the role of the IMF. The IMF did not participate in the third rescue package for Greece, but left open the possibility of doing so at a later date. The IMF is pushing the Greek government to implement pension and tax reforms and pushing European creditors to grant debt relief to Greece. After seven years through the crisis, how the crisis will ultimately be resolved remains unclear. Possible scenarios could include (1) Europeans continue to "muddle through" the crisis, providing financial assistance to Greece in exchange for reforms, while keeping Eurozone membership in tact; (2) Europeans provide greater flexibility to Greece on debt relief and reforms, allowing Greece to grow out of the crisis while maintaining membership in the Eurozone; or (3) an eventual splintering of the Eurozone, with Greece choosing or being forced to leave the euro in favor of a national currency ("Grexit"). Issues for Congress Impact on the U.S. Economy: Although direct U.S. exposure to Greece is limited, Europe as a whole is a major economic partner of the United States. The pace of economic recovery in the Eurozone and in Greece is expected to pick up, albeit at a still relatively low rate, but should ease some of the pressure on financial stability and on the dollar. IMF Involvement: Some analysts criticize IMF involvement in Greece, particularly extending large loans when questions surrounded the sustainability of Greek debt. Other analysts argue that IMF programs in Greece were critical for stemming contagion and ensuring stability in the global economy. U.S.-European Cooperation: The United States looks to Europe for partnership in addressing a range of global challenges. Political tensions in Europe and a focus on the Greek crisis could prevent the EU from focusing more intently on other key U.S.-European policy priorities, such as deterring Russian aggression in Ukraine and Eastern Europe and responding to conflict in the Middle East and North Africa.