The Making Of The Greek Crisis
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Author | : Matthew Lynn |
Publisher | : John Wiley & Sons |
Total Pages | : 290 |
Release | : 2010-12-21 |
Genre | : Business & Economics |
ISBN | : 1119990688 |
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.
Author | : Constantinos Ikonomou |
Publisher | : Academic Press |
Total Pages | : 338 |
Release | : 2018-06-15 |
Genre | : Business & Economics |
ISBN | : 0128145676 |
How does one distinguish between European Union investments that improve welfare and those that create economic malaise? Funding the Greek Crisis: The European Union, Cohesion Policies, and the Great Recession explores the sources of the Greek Crisis that lie primarily in EU policies that appeared to have worked better for other countries but not for Greece. Without overly simplifying the Greek condition, it provides insights into policies the countries of the euro area may need to implement in order to ensure collective cohesion and individual success. Arguing that EU preferences for autonomous investments discouraged organic development with lasting implications, Funding the Greek Crisis sheds new light on the nature of regional competitiveness and public economics. - Encompasses public economics, macroeconomics, international trade, competitiveness, microeconomics and regional development studies - Sheds light on key policies that affect millions of EU citizens - Examines Solow's growth model - Provides a different way of explaining growth from real business cycle theory
Author | : Yiannis Mylonas |
Publisher | : |
Total Pages | : 0 |
Release | : 2019 |
Genre | : Financial crises |
ISBN | : 9789004409170 |
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.
Author | : James Pettifer |
Publisher | : Penguin UK |
Total Pages | : 68 |
Release | : 2012-05-01 |
Genre | : Business & Economics |
ISBN | : 0241963222 |
Penguin Specials are designed to fill a gap. Written to be read over a long commute or a short journey, they are original and exclusively in digital form. The financial and social crisis in Greece has deep roots in the country's society and history. In this newly revised edition James Pettifer, the leading Balkan commentator and Oxford University historian brings us up to date with recent events in Greece. He explores the reasons for Greece's current situation, tracing the deep fissures caused by unresolved issues dating back to the Second World War, Greece's often difficult relationships with Turkey and the Balkan neighbours to the north, and its problematic position in the European Union. In 1981, Greece became the tenth member of what was then the European Economic Community, and for a time seemed to be making good progress in democratisation and economic development. Now that achievement is at serious risk. The author has extensive experience in Greece dating back to the time of the Colonels dictatorship in the early 1970s and its bitter aftermath. The Making of the Greek Crisis sets the scene for the country's intractable financial crisis and associated conflict with the European Union institutions in Brussels, and explains the practical, difficult choices facing the Greek people at this important turning point in their history.
Author | : Johanna Hanink |
Publisher | : Harvard University Press |
Total Pages | : 212 |
Release | : 2017-05-22 |
Genre | : History |
ISBN | : 0674978307 |
Ever since the International Monetary Fund’s first bailout of Greece’s sinking economy in 2010, the phrase “Greek debt” has meant one thing to the country’s creditors. But for millions who claim to prize culture over capital, it means something quite different: the symbolic debt that Western civilization owes to Greece for furnishing its principles of democracy, philosophy, mathematics, and fine art. Where did this other idea of Greek debt come from, Johanna Hanink asks, and why does it remain so compelling today? The Classical Debt investigates our abiding desire to view Greece through the lens of the ancient past. Though classical Athens was in reality a slave-owning imperial power, the city-state of Socrates and Pericles is still widely seen as a utopia of wisdom, justice, and beauty—an idealization that the ancient Athenians themselves assiduously cultivated. Greece’s allure as a travel destination dates back centuries, and Hanink examines many historical accounts that express disappointment with a Greek people who fail to live up to modern fantasies of the ancient past. More than any other movement, the spread of European philhellenism in the eighteenth and nineteenth centuries carved idealized conceptions of Greece in marble, reinforcing the Western habit of comparing the Greece that is with the Greece that once was. Today, as the European Union teeters and neighboring nations are convulsed by political unrest and civil war, Greece finds itself burdened by economic hardship and an unprecedented refugee crisis. Our idealized image of ancient Greece dangerously shapes how we view these contemporary European problems.
Author | : |
Publisher | : BRILL |
Total Pages | : 314 |
Release | : 2018-09-04 |
Genre | : Political Science |
ISBN | : 9004280898 |
In 2010 Greece entered a period of extreme austerity measures, but also of intense struggles and protests. Social and political crisis led to tectonic shifts in the political landscape and the rise to power of SYRIZA. However, despite the impressive expression of resistance in the 2015 referendum, the EU-IMF-ECB ‘Troika’ managed to impose the continuation of the same politics of austerity, privatisations, and neoliberal reforms. This social and political sequence poses important theoretical and analytical questions regarding capitalist crisis, public debt, European integration, political crisis, the new forms of protest and social movements, and the rise of neo-fascist parties. It also brings forward all the open questions regarding radical left-wing strategy today. The contributions in this volume attempt from different perspectives to deal with some of these theoretical and strategic questions using the Greek experience as a case study. Contributors include: George Economakis, Stavros Mavroudeas, Ioannis Zisimopoulos, Alexios Anastasiadis, Maria Markaki, George Androulakis, Despina Paraskeva-Veloudogianni, Eirini Gaitanou, Alexandros Chrysis, Euclid Tsakalotos, Spyros Sakellaropoulos, Panagiotis Sotiris, Giannis Kouzis, Yiorgos Vassalos, Christos Laskos, Angelos Kontogiannis-Mandros.
Author | : Grant Wonders |
Publisher | : |
Total Pages | : 140 |
Release | : 2010-05-05 |
Genre | : Europe |
ISBN | : 9781452866338 |
The unsustainable debt levels of Greece are fast developing into a full-blown crisis. Even more strikingly, they have exposed merely the tip of the iceberg in the specter that now hangs over Europe. Inspired by his economics work at Harvard, Wonders brilliantly documents why the socio-economic realities are fast guiding the inexorable collapse of the Euro.
Author | : Manussos Marangudakis |
Publisher | : Springer |
Total Pages | : 478 |
Release | : 2019-05-16 |
Genre | : Social Science |
ISBN | : 3030135896 |
This original analysis of modern Greece’s political culture attempts to present a “total social fact”—a coherent and complex representation of Greek socio-political culture—to identify the cultural causes of Greece’s recent disastrous economic crisis. Using a culturalist frame inspired by the Yale Strong Program, Marangudakis argues that the core cultural orientations of Greece have determined its politics—Greek secular culture flows out of the religion of Eastern Orthodoxy with its mysticism, icons, and general “ortherworldly-nesses.” This theoretical discussion, bringing together Eisenstadt, Michael Mann, Banfield, and Taylor, is complemented by an innovative use of survey data, processed by political scientist and statistician Theodore Chadjipadelis. The carefully deployed quantitative data demonstrate that the culture previously described is actually shared by people living in Greece today. In his sweeping conclusion to this thorough cultural analysis, Marangudakis reflects on the prospects of Greek cultural recovery through the construction of a non-populist civil religion.
Author | : Dimitra Kotouza |
Publisher | : Pluto Press (UK) |
Total Pages | : 0 |
Release | : 2019 |
Genre | : Greece |
ISBN | : 9780745337784 |
How grassroots movements have survived and thrived amidst a harsh political and economic crisis
Author | : Jason Manolopoulos |
Publisher | : Anthem Press |
Total Pages | : 282 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 0857287710 |
"Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.