The European debt crisis : the Greek case / Costas Simitis ; translated from the Greek by P. Douzina-Stiakaki ; revised by Ewan Munro.

Format:

Book

Author/Creator:

Sēmitēs, Kōstas, author.

Contributor:

Stiakaki, Parina Douzina, translator.

Munro, Ewan, editor.

Series:

European Policy Research Unit series.

European Policy Research Unit series

Standardized Title:

Ektrochiasmos. English

Language:

English

Subjects (All):

European Union--Greece--History.

European Union.

Financial crises--Greece--History--21st century.

Financial crises.

Debts, Public--Greece--History--21st century.

Debts, Public.

Greece--Politics and government--21st century.

Greece.

Physical Description:

1 online resource (x, 355 pages) : digital, PDF file(s).

Edition:

First English-language edition.

Distribution:

New York, NY : Palgrave Macmillan

Place of Publication:

Manchester, UK ; New York, NY : Manchester University Press, 2014.

Language Note:

English

Summary:

The book examines the European debt crisis with particular reference to the case of Greece. It investigates its spillover from a Greek-specific problem to a Eurozone-wide crisis and chronicles the policy responses to combat it. The central argument of the book is that the principal cause of the Eurozone's problems was, and still remains, the indecisiveness of European elites to tackle its underlying deficiencies. Leading Eurozone countries have been unwilling to commit to a common long-term plan which could deal convincingly with complex and inter-related problems affecting both its 'core' and its 'periphery'. The guiding principle of policy responses thus far has been the pursuit of permanent fiscal discipline. Yet, fiscal discipline alone would not provide the long-term solutions required; a steady course towards economic governance and political unification is necessary.Through the detailed tracing of the evolution of the crisis, the book 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.

Contents:

The European debt crisis: The Greek case; Half Title Page; Series Editors; Title Page; Copyright; Contents; Preface; The main Greek political parties; Abbreviations; Part I: How we arrived at the first Memorandum; 1. Was Greece ready for the euro?¹; 2. New Democracy's criminal indifference; 3. PASOK's opportunistic optimism; 4. Being in denial; 5. Ineffective solutions; 6. The bitter truth; 7. The first Memorandum: a medicine with dangerous side-effects; Part II: The Memorandum's first year of implementation; 8. The crisis spreads to the Union; 9. Implementing the Memorandum: an obstacle race

10. An 'all-encompassing plan' to solve the crisis in the Eurozone?11. An 'all-encompassing plan' to solve the crisis in Greece?; 12. A year of the Memorandum: seeking a new solution; Part III: Debt restructuring and power games; 13. Debt restructuring: the decisions of 21 July 2011; 14. A dead end; 15. More hitches; 16. The new solution; 17. Political games with unpredictable consequences; Part IV: Coalition government, private sector involvement and the second Memorandum; 18. A flicker of hope; 19. Conflicts at the highest European level

20. The new agreement with the Eurozone (the second Memorandum) and private sector involvement21. An evaluation of the Memoranda; 22. Austerity and growth: implementing the second Memorandum; 23. The crisis peaks; Part V: Elections of 6 May and 17 June 2012; 24. The election of 6 May: euro or drachma?; 25. Cracks in the euro; 26. The Union at a dead end: change of course on 29 June; 27. The election of 17 June: a new beginning?; 28. Provisional solutions, October-June 2013; 29. Evaluations of the assistance programme to Greece; 30. Cyprus; Part VI: The future of Greece and the European Union

31. The causes of the crisis were not only economic32. A new European policy is necessary; Appendix: Key meetings and decisions of the institutions of the European Union relating to the financial crisis; Trajectory of the Greek financial crisis; Index

Notes:

Title from publisher's bibliographic system (viewed on 15 May 2026).

ISBN:

1-5261-1201-9

OCLC:

960165462