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The Real Reboot Greece Needs

Tsoukalis, Loukas, (2011), ‘The Real Reboot Greece Needs’, www.nytimes.com, 22 June. Greece’s prime minister, George A. Papandreou, comfortably survived a confidence vote on Tuesday, momentarily stabilizing his fragile Socialist government and clearing the way for a fresh infusion of financial assistance from the European Union.But the country’s economic crisis, which began at the end of 2009 when the world belatedly realized that Greece’s fiscal and trade deficits were unsustainable, is …Read More

The ECB’s three mistakes in the Greek crisis

Frankel, Jeffrey, (2011), ‘The ECB’s three mistakes in the Greek crisis and how to get sovereign debt right in the future’, www.voxeu.org, 16 May. It is a year since Greece was bailed out by EU and IMF and there are many who label it a failure. This column says that while there is plenty of blame to go around, there were three big mistakes made by the European Central Bank. Number …Read More

The Return of the Greek Patient: Greece and the 2008 Global Financial Crisis

Pagoulatos, George, Triantopoulos, Christos, (2009),‘The Return of the Greek Patient: Greece and the 2008 Global Financial Crisis’, South European Society and Politics, Vol. 14, Issue 1, p.p.35-54. The 2008 financial crisis found the Greek economy in a position of fiscal vulnerability, given the large public debt, and structural weaknesses, demonstrated in a huge current account deficit. The banking system was relatively robust, but exposed to imported risks from the emerging …Read More

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