Arbeitspapier
The Greek Crisis and Financial Assistance Programmes: An Evaluation
We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The crisis and the first programme’s (2010-11) failure were mainly the result of misguided internal policies. The second programme (2012-14) achieved progress towards recovery but this was fragile and was cancelled out by Greece’s stand-off with her lenders in the first half of 2015. The stand-off was one that predictably Greece could not win, due to the lack of a credible growth plan; and the adoption of a transparently non-credible ultimatum-game strategy. These explain the signing of the third programme in August 2015.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 5591
- Classification
-
Wirtschaft
Macroeconomics and Monetary Economics: General
Macroeconomic Aspects of International Trade and Finance: General
- Subject
-
Greece
euro
crisis
financial assistance programmes
- Event
-
Geistige Schöpfung
- (who)
-
Arghyrou, Michael G.
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Arghyrou, Michael G.
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2015
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