Ardagna, S. & Caselli, F. (2015) “The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts“, Centre for Economic Performance Special Paper, Special Paper No. 25, Ιανουάριος 2014.
We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch political-economy arguments for why collective policy making in the Euro area may lead to suboptimal outcomes.
Σχετικές αναρτήσεις:
- Panagiotarea, E. (2014) “The Greek Turnaround: Mending the Fragility and at What Price“, στο: Europe – Surging Ahead, Panorama – Insights into Asian and European Affairs, 02/2014, σσ. 59-70, 19 Δεκεμβρίου.
- Verney, S. (2014) “Broken and Can’t be Fixed’: The Impact of the Economic Crisis on the Greek Party System”, The International Spectator: Italian Journal of International Affairs, Volume 49, Issue 1, 2014
- Katsikas, D. (2012) “The never-ending greek crisis: A tragedy without a catharsis“, Revista de Estudios Europeos, no 60 Jul-Dec, pp.33-52.