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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5591
- Klassifikation
-
Wirtschaft
Macroeconomics and Monetary Economics: General
Macroeconomic Aspects of International Trade and Finance: General
- Thema
-
Greece
euro
crisis
financial assistance programmes
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Arghyrou, Michael G.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Arghyrou, Michael G.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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