Greece – in the centre of sovereign debt crisis. Consequences on the evolution of Euro Zone economies

Cristina Balgar and Andreea Dragoi

Revista de Economie Mondiala / The Journal of Global Economics, 2011, vol. 3, issue 4

Abstract: The purpose of this paper is to present the evolution of economic and financial crisis in Greece. We will examine the effect of Hellenic crisis on deepening the sovereign debt crisis in Euro zone and the possible consequences across the entire European economy. The research also aims to present possible scenarios of evolution for the Greek crisis and their potential consequences for the stability and economic growth perspectives in European Union. Our research concludes by highlighting the consequences of economic measures imposed to Greece by the European Union for the consolidation and fiscal stabilization of Hellenic economy.

Keywords: economic crisis; budgetary stability; Euro zone; sovereign debt (search for similar items in EconPapers)
JEL-codes: B22 E32 G (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:3:y:2011:i:4:id:2822000008752035

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