Download or read book Bust written by Matthew Lynn and published by John Wiley & Sons. This book was released on 2010-12-21 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.

Download or read book Greece in the Euro written by Eleni Panagiotarea and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Greece an economic delinquent or a victim of systemic failure? The question and its answer have wider resonance: the Euro ‒ a currency without a state ‒ was always going to be about owning and sharing responsibility in a less than perfect monetary union, in a more than troubled world. Combining historical perspective with up-to-date analysis, and using elite interviews published for the first time, this book foregoes apportioning blame, in favour of delving into the complex forces that turned a sovereign debt crisis into a crisis for the eurozone. In the process, it subjects theoretical insights on rule-following and compliance to fresh empirical testing, while introducing a concept of policy ostrichism. Greece in the Euro: Economic Delinquency or System Falure? contributes to three important debates about the euro area crisis: the 'new' economic governance versus the old approach, the IMF/EU experiment in problem solving and, finally, the democratic ownership of the national economic policy process. 'The Europeans have engaged in a protracted and often highly uncivilized blame game as the euro crisis moves from one phase to the next. This book examines the interaction between national and systemic failure, with Greece as a test case. It is lucid, well documented and cogently argued. And it pulls no punches.' Professor Loukas Tsoukalis University of Athens 'Those who have been puzzled by the unravelling of the political contract that underlay European economic and monetary union will find much of value in this study. Examining the strength of weak institutions, Eleni Panagiotarea shows, through meticulous analysis of the evidence and the use of interviews, how the political commitments involved in the design of monetary union could not be sustained.' Professor Albert Weale FBA School of Public Policy, University College London 'An informed and balanced account of how Greece and the euro-zone got into this mess. It introduces the reader to the complexities of reforming Greece and to the shallowness of the Ordo-liberal design for the euro.' Professor Kevin Featherstone Eleftherios Venizelos Chair in Contemporary Greek Studies European Institute, London School of Economics

Download or read book Greece in the Euro written by Eleni Panagiotarea and published by ECPR Press. This book was released on 2014-04-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greece banked on EMU. Entry into the eurozone was its ticket to macroeconomic stability, its modernisation jacket and its gateway to global markets. So how did such a promising start turn to dust so quickly? Was Greece the delinquent eurozone member whose fiscal downfall nearly brought down some of the world's strongest economies? Or was it the first victim of the euro’s system failure? An original approach to understanding how national institutions affect economic performance, diluting and disrupting single currency pressures for convergence and adjustment.

Download or read book Greece in the European Union written by Dionyssis G. Dimitrakopoulos and published by Routledge. This book was released on 2004-02-24 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors collected here discuss the patterns of continuity and change, success and failure observed in seven policy areas - environment, social regulation, regional policy, the single market, agriculture, EMU and foreign policy - in order to investigate how policy formulated and implemented in Greece has changed as a result of EU membership; why Greek authorities have managed to implement EU policy more successfully in some policy areas than in others and whether Greek public opinion vis-à-vis the EU changed over time. This book argues that although the widely-held belief that Greece is a laggard in a number of policy areas is not inaccurate, the pattern of Greek membership of the EU is much more complex, not least because it contains success stories. It will be of interest to students and researchers of the European Union, public policy and Greek politics.

Download or read book The Politics of Extreme Austerity written by G. Karyotis and published by Palgrave Macmillan. This book was released on 2015-03-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates the policies and politics of extreme austerity, setting the crisis in Greece in its global context. Featuring multidisciplinary contributions and an exclusive interview with former Greek Prime Minister George Papandreou, this is the first comprehensive account of the economic crisis at the heart of Europe.

Download or read book Greek Tragedy European Odyssey The Politics and Economics of the Eurozone Crisis written by Robert Godby and published by Verlag Barbara Budrich. This book was released on 2016-04-18 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debate among politicians and academics alike vacillates as to whether the euro is the crowning achievement of a half-century of European integration efforts, or now constitutes a force that threatens to drive European Union member states apart. This book introduces both the political and economic forces at play in the eurozone crisis that have shaped this debate and changed the face of European integration.

Download or read book Laid Low written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2016-10-17 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest book by journalist and author Paul Blustein to go behind the scenes at the highest levels of global economic policy making, Laid Low chronicles the International Monetary Fund’s role in the euro-zone crisis. Based on interviews with a wide range of participants and scrutiny of thousands of documents, the book tells how the IMF joined in bailouts that all too often piled debt atop debt and imposed excessively harsh conditions on crisis-stricken countries. As the author shows, IMF officials had grave misgivings about a number of these rescues, but went along at the insistence of powerful European policy makers — to the detriment of the Fund’s credibility, with disheartening implications for the management of future crises. The narrative ends with a tale of the clash between Greece’s radical Syriza government and the country’s creditor institutions that reached a dramatic climax in the summer of 2015.

Download or read book The Greek Crisis in Europe written by Yiannis Mylonas and published by BRILL. This book was released on 2019-07-22 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “Greek Crisis” in Europe: Race, Class and Politics, analyses the publicity of the so-called “Greek crisis” by deploying critical theory and cultural studies perspectives. The study discloses racial and class media biases, and their associations with austerity.

Download or read book The Greek Crisis and European Modernity written by Anna Triandafyllidou and published by Springer. This book was released on 2013-08-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection explores the current economic and political crisis in Greece and more widely in Europe. Greece is used to illustrate and exemplify the contradictions of the dominant paradigm of European modernity, the ruptures that are inherent to it, and the alternative modernity discourses that develop within Europe.

Download or read book Contemporary Greece and Europe written by Achilleas Mitsos and published by Routledge. This book was released on 2019-07-17 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: Contemporary Greek society is characterized by an all-embracing trend for reform. This task, however, is constrained by problems of Greek polity rooted in the historical and political culture. This text explores the important facets of divergence between Greece and the EU, examining the process through which they affect the relative performance of the country in the economic, social, political and international relations fronts, together with significant attempts to modernize and rationalize internal and external policies and structures. The book is in five parts. In the first, introductory, section, Greece's Alternate Minister of Foreign Affairs, the late Yannos Kranidiotis, analyzes the fundamental objectives of Greek foreign policy, whilst the editors explore the challenges of EU membership for Greek domestic and foreign politics, and Greece's participation in the process of European integration. The second part deals with Greece and the EMU, the third analyzes the issues related to state modernization and adjustment. A fourth section examines the welfare state and related policies, and the final part analyzes Greece's foreign policy and external relations, with particular emphasis on the Balkans and Greek-Turkish relations.

Download or read book The euro crisis Causes and consequences of the Greek debt crisis on the euro zone written by Inga Rathje and published by GRIN Verlag. This book was released on 2019-12-24 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2018 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: In this paper, these effects as well as the connection between the Greek crisis and the euro crisis are examined. To begin with, an insight into the causes of the debt crisis in Greece and how the crisis has spread to the eurozone. This will be followed by the euro crisis in general and its other causes. The fifth chapter deals with measures and solutions for Greece as well as the entire euro zone. This work finishes with a conclusion on the topics mentioned. In recent years, the news and media have dealt extensively with the “euro crisis”. For this reason, it should be a common term for any European. The euro crisis isn’t about the euro, but about a currency, bank, economic crisis and about state debts. Because of the different opinions about the crisis’ causes, this topic is a very controversial one. It is common that the global financial crisis, which resulted from the Lehmann bankruptcy in 2008, is being considered responsible for the euro crisis. However, the global financial crisis wasn’t accountable. There are other reasons for the outbreak of the euro crisis, such as the existing weaknesses of a system, which was already missing in structure, or America’s financial crisis. Not to forget, however, is the “Greek crisis” and its impact on the euro zone.

Download or read book Greece s odious Debt written by Jason Manolopoulos and published by Anthem Press. This book was released on 2011 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.

Download or read book Greece in the euro zone crisis An analysis of the competitiveness problem of the Greek economy written by Matthias Kistl and published by GRIN Verlag. This book was released on 2017-11-20 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Economics - Other, grade: 1,3, Johannes Gutenberg University Mainz (Gutenberg School of Management & Economics), course: Dealing with Economic Crises, language: English, abstract: The paper is divided into five parts: after the introduction, there is a theoretical chapter which deals with the general idea of competitiveness and scientific solutions for countries that get into a situation in which they have to regain competitiveness in order to improve their growth rates. The theoretical fundament of the paper will be followed by the third part which includes the empirical examination of the Greek competitiveness problem. Based on various data, it will be shown that Greece experienced a conspicuous loss of competitiveness compared to other euro zone member countries. Moreover, it will be become evident that Greece could skip necessary structural reforms due to declining interest rates and missing discipline within the euro zone. Afterwards, a short description of the counter policies and measures that were implemented or omitted will be given before analyzing the degree of achievement. One implication will be that Greece undertook great effort, but also could have done better in many respects. The fourth part will pick up the results of the empirical analysis and show that both the Troika and the Greek government acted imperfectly, but that structural reforms currently remain the best opportunity to reach a status of sufficient competitiveness again. The paper is rounded off by a conclusion.

Download or read book Europe in Modern Greek History written by Kevin Featherstone and published by Hurst & Company. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Europe", "Europeanness" and "European" have been important themes in the history of modern Greece, from the establishment of the new state in 1832 to the sovereign debt crisis of 2010. "Europe" has served as key reference points in questions of identity, progress, capability, legitimation and strategic interest. Indeed, few nations have experienced "Europe" with such intensity, reacted with so much angst, and witnessed effects of such consequence. Now, in the context of two financial bail- outs and the imposition of tough austerity measures, it is the "euro-zone" that is shaking the Greek economy, state and society to its roots. This turmoil needs to be understood in the context of a sequence of questions and doubts that encompass arts and politics, social integration and economic development. This volume addresses the complexity of Greece's relationship with "Europe" - examining its manifestations in culture, politics, society, foreign policy and the economy. It deepens our knowledge not only of how modern Greece has reached this point, but also of what Europe is, what it represents, how it may impact domestically, and why it may be viewed differently.

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 278 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 The Politics of Extreme Austerity written by G. Karyotis and published by Springer. This book was released on 2015-03-24 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates the policies and politics of extreme austerity, setting the crisis in Greece in its global context. Featuring multidisciplinary contributions and an exclusive interview with former Greek Prime Minister George Papandreou, this is the first comprehensive account of the economic crisis at the heart of Europe.

Download or read book The European debt crisis written by Costas Simitis and published by Manchester University Press. This book was released on 2016-05-16 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, former Greek Prime Minister Costas Simitis examines the European debt crisis with particular reference to the case of Greece. Greece was the first Eurozone country to face an enormous deficit, which reached 15% of GDP in 2009. As the Greek crisis unfolded, other Eurozone countries displayed identical symptoms, albeit in varying degrees of severity. From a strictly Greek predicament the debt crisis quickly turned into a problem for the European Union as a whole. This first English language translation investigates the causes of this spillover and chronicles the policy responses to combat it. It also discusses Greece’s troubled political economy, the country’s difficulties in adjusting to the demands of its creditors and the vehement social and political reactions to the policy of austerity. Through his comprehensive and authoritative analysis, Simitis provides valuable insights into the crucial interconnection between Greece’s own economic troubles and the wider European search for macroeconomic stability and sustainable economic growth. As such, the book appeals well beyond those with a narrow academic interest in Greece. This is very much a discussion about the future of the Eurozone and the European Union as a whole.