ISSN: 2332-0761
+44 1300 500008
Konstantinos C
Mathematician - Economics, System Analyst,
Chalkida Evias
Greece
Research Article
Financial Derailment and the Political Class in Greece
Author(s): Konstantinos CKonstantinos C
In this paper we look into the causes of Greece’s financial derailment and the factors which contributed to its acceleration. We also investigate whether there were any alternatives to the course of action the Greek political class was forced to take in order to address the country’s economic crisis, i.e. the programmes for fiscal adjustment signed by the Greek government on the one hand, and Greece’s EU partners together with the IMF, on the other. Namely, the questions investigated and sought to be answered in this paper are: What was the part played by the Greek political class in the country’s financial derailment? Why have three programmes for fiscal adjustment failed so far in Greece? Has the Euro proven to be the very lifeline of the Greek economy, or a noose around its neck? Is the dismantling of the Eurozone – or a ‘Northern’ and R.. View More»
DOI:
10.4172/2332-0761.1000257