The European debt crisis : the Greek case / Costas Simitis.

Format:

Book

Author/Creator:

Simitis, Costas, author.

Series:

European Policy Research Unit series.

European Policy Research Unit series

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Greece--Economic conditions--21st century.

Greece.

Physical Description:

1 online resource.

Edition:

1st ed.

Place of Publication:

Manchester : Manchester University Press, 2014.

Summary:

Simitis examines the European debt crisis with particular reference to the Greek case. He investigates its spillover from a Greek-specific problem to a Eurozone-wide crisis and chronicles the policy responses to combat it. His central argument is that the main 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'.

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 involvement

21. 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 economic

32. 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:

Includes bibliographical references and index.

Description based on online resource; title from home page (viewed on August 27, 2014).

ISBN:

9781526112002

1526112000

9781781707005

1781707006