In this Book
- The European debt crisis: The Greek case
- Book
- 2016
- Published by: Manchester University Press
summary
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.
Table of Contents
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- Abbreviations
- p. x
- Part I: How we arrived at the first Memorandum
- 3. PASOK’s opportunistic optimism
- pp. 22-23
- 4. Being in denial
- pp. 24-33
- 5. Ineffective solutions
- pp. 34-45
- 6. The bitter truth
- pp. 46-52
- Part II: The Memorandum’s first year of implementation
- 8. The crisis spreads to the Union
- pp. 69-81
- Part III: Debt restructuring and power games
- 14. A dead end
- pp. 129-136
- 15. More hitches
- pp. 137-142
- 16. The new solution
- pp. 143-149
- Part IV: Coalition government, private sector involvement and the second Memorandum
- 18. A flicker of hope
- pp. 161-164
- 19. Conflicts at the highest European level
- pp. 165-171
- 21. An evaluation of the Memoranda
- pp. 189-208
- 23. The crisis peaks
- pp. 225-232
- Part V: Elections of 6 May and 17 June 2012
- 24. The election of 6 May: euro or drachma?
- pp. 235-247
- 25. Cracks in the euro
- pp. 248-251
- 28. Provisional solutions, October–June 2013
- pp. 274-290
- 30. Cyprus
- pp. 297-300
- Part VI: The future of Greece and the European Union
- 32. A new European policy is necessary
- pp. 320-342
- Trajectory of the Greek financial crisis
- pp. 348-349
Additional Information
ISBN
9781526112019
Related ISBN(s)
9780719095788, 9780719095795
MARC Record
OCLC
980854809
Pages
366
Launched on MUSE
2017-04-07
Language
English
Open Access
No