The Greek Debt Crisis: Causes, Policy Responses and Consequences

Antimo Verde

Chapter 8 in Europe and the Financial Crisis, 2011, pp 143-164 from Palgrave Macmillan

Abstract: Abstract A dramatic debt crisis erupted in Greece at the beginning of 2010 when everyone believed the world economy was recovering well and before expected. After a protracted period of hesitation, due to the the doubts of Angela Merkel, the German Chancellor which worsened the crisis, eventually, the EU decided to bailout Greece. An impressive 750 billion euro Greek rescue plan has been approved.

Keywords: Credit Default Swap; Monetary Union; Debt Crisis; Short Selling; Optimum Currency Area (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30500-7_9

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DOI: 10.1057/9780230305007_9

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