The Greek Debt Crisis: Suggested Solutions and Reforms

Leo Michelis ()
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Leo Michelis: Ryerson University; The Rimini Centre for Economic Analysis (RCEA)

Professional Reports from The Rimini Centre for Economic Analysis

Abstract: This paper examines eight suggested solutions to the Greek debt crisis and six political and institutional reforms in order to achieve a single objective: eliminate deviations from the EU benchmark and thus transform the country into a modern EU state. In the absence of a national political consensus to tackle the debt crisis and implement political and institutional reforms, a new political force should be formed to accomplish these tasks, and also embrace the "frustrated" or "Facebook" generation’s demands for better living standards and more equitable income distribution.

Keywords: Debt crisis; bank runs; euro zone; economic reforms; political reforms (search for similar items in EconPapers)
JEL-codes: H63 G21 E44 F15 P48 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-pke
Date: 2011-11
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Persistent link: http://EconPapers.repec.org/RePEc:rim:rimpre:01_11

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