Research Catalog

Title

Greek endgame : from austerity to growth or Grexit / Nicos Christodoulakis.

Author

Christodoulakis, N. M. (Nicos M.)

Publication

• London ; New York : Rowman & Littlefield International, [2015]
• ©2015

Items in the Library & Off-site

Details

Description

xvi, 185 pages : illustrations; 23 cm

Summary

Explores in depth both the origins of the Greek debt crisis and the conditions under which the economy might be turned around from its current malaise. Greek debt turned explosive after the 2008 global crisis, through a combination of a fiscal spree and domestic policy complacency, but the unpreparedness and indecision of the European Union intensified the problem of liquidity and a massive bail-out agreement became inevitable. However, the stringencies of the adjustment program led to more recession and unemployment, while social tension and political polarization became entrenched. In 2015, a radical Left party, Syriza, ascended to power on a ticket to end austerity and renegotiate Greece's debt agreements, but a long-lasting growth and reform agenda is still to be settled upon. This book lays out some key reforms that would allow Greece to return to growth and, at the same time, keep the Euro, an option that still remains a cornerstone for the country's economic and geopolitical stability.

Subjects

• Greece > Economic conditions > 1974-
• Greece > Economic policy > 1974-
• Debts, Public > Greece
• Financial crises > Greece
• European Union
• Debts, External > Greece

Bibliography (note)

• Includes bibliographical references (pages 179-182) and index.

Contents

Origins : How Greece was engulfed in the crisis -- Complacency : Was the 2010 bail-out really inevitable? -- Reinventing the past : Should Greece have joined the Euro? -- Getting it wrong : An appraisal of the austerity program -- The vicious circle : Snowballs, haircuts and hazards -- Change currency? Illusions and miscalculations -- History lessons : The collapse in interwar Greece -- Modern lessons : Default and collapse in Argentina -- Getting it right : End recession and stabilize public debt -- A road map for growth : Some key fiscal reforms -- The feasible prosperity : A new contract for Greece -- The political economy of drachma : Lower wages, more inequalities -- Epilogue : After the Left's victory in Greece.

Call Number

JFE 17-5602

ISBN

• 9781783485239
• 178348523X
• 9781783485246
• 1783485248

LCCN

2015025863

OCLC

910856378

Author

Christodoulakis, N. M. (Nicos M.), author.

Title

Greek endgame : from austerity to growth or Grexit / Nicos Christodoulakis.

Publisher

London ; New York : Rowman & Littlefield International, [2015]

Copyright Date

©2015

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references (pages 179-182) and index.

Research Call Number

JFE 17-5602