The Second Economic Adjustment Programme for Greece

The Second Economic Adjustment Programme for Greece PDF Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236

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Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.

The Second Economic Adjustment Programme for Greece

The Second Economic Adjustment Programme for Greece PDF Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236

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Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.

Financial Crisis Management and Democracy

Financial Crisis Management and Democracy PDF Author: Bettina De Souza Guilherme
Publisher: Springer Nature
ISBN: 3030548953
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.

Greece

Greece PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 145520689X
Category : Business & Economics
Languages : en
Pages : 146

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Book Description
The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so that the economy can step onto a higher growth path led by investments and exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis for a declining debt ratio.

Economy, Finance and Business in Southeastern and Central Europe

Economy, Finance and Business in Southeastern and Central Europe PDF Author: Anastasios Karasavvoglou
Publisher: Springer
ISBN: 3319703773
Category : Business & Economics
Languages : en
Pages : 880

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Book Description
This volume comprises papers presented at the 8th international conference “The Economies of the Balkan and Eastern European Countries in the Changing World” (EBEEC) held in Split, Croatia in 2016. The papers cover a wide range of current issues relevant for the whole of Eastern Europe, such as European integration, economic growth, labour markets, education and tourism. Written by experienced researchers in the field of economic challenges for Eastern Europe, the papers not only analyse recent problems, but also offer policies to resolve them. Furthermore, they offer insights into the theoretical and empirical foundations of the economic processes described. The proceedings of the conference appeals to all those interested in the further economic development of the Balkan and Eastern European countries.

Greece's 'odious' Debt

Greece's 'odious' Debt PDF Author: Jason Manolopoulos
Publisher: Anthem Press
ISBN: 0857287710
Category : Business & Economics
Languages : en
Pages : 282

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Book Description
"Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.

Safeguarding the Euro in Times of Crisis

Safeguarding the Euro in Times of Crisis PDF Author:
Publisher:
ISBN: 9789295085336
Category :
Languages : en
Pages : 419

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Book Description
This book tells the inside story of those who played key roles in setting up the organisations and combatting the crisis. In exclusive interviews, global financial leaders and ESM insiders provide a rich stock of perspectives and anecdotes that bring to life the urgency of the crisis as well as the innovative solutions found to resolve it. The European Stability Mechanism and its temporary predecessor the EFSF provided billions of euros in loans to five hard-hit euro area countries during the European financial and sovereign debt crisis of the early 2000s, helping to safeguard the stability of those countries and the euro area as a whole. Initially, the crisis-torn euro area was ill-equipped institutionally, but the rapid establishment of the firewalls, the assistance programmes, deep‐seated country reforms, the strengthening of European institutions, and extraordinary European Central Bank measures shielded Europe from a euro area break-up. With the EFSF/ESM set-up, its managers aspired to create a new, more entrepreneurial international financial institution, one that is agile enough to respond quickly to new challenges, while still ensuring the strict governance befitting an organisation pursuing a public mission. The euro area has emerged from near disaster in more robust shape. As Europe strives to further strengthen its architecture in preparation for any possible future crises, it is important to reflect upon how the euro area reinvigorated its fortunes and draw the relevant lessons for future crisis management in Europe and beyond.

Reflections on the Greek Sovereign Debt Crisis

Reflections on the Greek Sovereign Debt Crisis PDF Author: Aristidis Bitzenis
Publisher: Cambridge Scholars Publishing
ISBN: 1443867837
Category : Political Science
Languages : en
Pages : 396

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Book Description
The euro was generally considered a success in its first decade. Nevertheless, the “unanticipated” financial crisis in the summer of 2007 has developed gradually into the worst global economic crisis in post-war economic history and a sovereign debt crisis, calling into question the endurance of positive externalities under the current form of European economic integration. The experience of double-dip recessions in the core of the euro-area and the occurrence of a deflationary spiral in its southern periphery brings into question the wisdom of fiscal consolidation via austerity in the adjustment programmes adopted to exit the crisis. They also put into doubt the adequacy and efficiency of the European Economic and Monetary Union’s core elements, its political instruments and macroeconomic assumptions, as can be seen in the role of the Stability and Growth Pact and the stance of the European Central Bank. The title of this collective volume refers to the country where the European sovereign debt crisis began, while its contents concentrate on the extent to which this crisis should be a national or a European concern. Moreover, the focus on Greece stimulates discussion about the neglected factor of the shadow economy and the potential to boost government revenue through its successful transfer to the formal economy. The chapters address the inefficiencies of both euro-area institutions and policies adopted to exit the current predicament. Experts from several disciplines review the literature and critically evaluate the existence of issues such as contagion effects, domino effects, deflationary spirals, institutional efficiency and the reality of the option to exit the euro-area.

Crisis, Reform and the Way Forward in Greece

Crisis, Reform and the Way Forward in Greece PDF Author: Calliope Spanou
Publisher: Routledge
ISBN: 0429514298
Category : Political Science
Languages : en
Pages : 202

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Book Description
This volume discusses different aspects of Greece’s political economy during the past decade and reflects on the country’s path ahead, examining the major question: did this challenging period succeed in providing a window of opportunity for deeper institutional and societal change? The authors seek to contribute to the discussion of the dynamics of stability and change, of the nexus between external pressure and domestic agency. Greece offers a most interesting case study, as much in analytical as in empirical terms. Never before did a euro area member require three macroeconomic adjustment programmes under stringent policy conditionality and external supervision. This experience shattered past certainties and reshaped the political landscape. A decade later Greece was starting to recover and received international recognition for its reform efforts. However, the COVID-19 pandemic provided an external shock that risks derailing such achievements. The volume includes chapters by academics and researchers from different professional backgrounds: history, economics, public law, political science, public administration and political economy. Their diverse experience and viewpoints contribute to multidimensional analyses in subject areas such as Greece’s constitutional structure, public sector reforms, labour market developments, China’s expanding investment footprint and product market reforms.

Syriza Wave

Syriza Wave PDF Author: Helena Sheehan
Publisher: NYU Press
ISBN: 1583676279
Category : Political Science
Languages : en
Pages : 247

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Book Description
Utterly corrupt corporate and government elites bankrupted Greece twice over. First, by profligate deficit spending benefitting only themselves; second, by agreeing to an IMF “bailout” of the Greek economy, devastating ordinary Greek citizens who were already enduring government-induced poverty, unemployment, and hunger. Finally, in response to dire “austerity” measures, the people of Greece stood up, forming, from their own historic roots of resistance, Syriza—the Coalition of the Radical Left. For those who caught the Syriza wave, there was, writes Helena Sheehan, a minute of “precarious hope.” A seasoned activist and participant-observer, Helena Sheehan adroitly places us at the center of the whirlwind beginnings of Syriza, its jubilant victory at the polls, and finally at Syriza’s surrender to the very austerity measures it once vowed to annihilate. Along the way, she takes time to meet many Greeks in tavernas, on the street, and in government offices, engage in debates, and compare Greece to her own economically blighted country, Ireland. Beginning as a strong Syriza supporter, Sheehan sees Syriza transformed from a horizon of hope to a vortex of despair. But out of the dust of defeat, she draws questions radiating hope. Just how did what was possibly the most intelligent, effective instrument of the Greek left self-destruct? And what are the consequences for the Greek people, for the international left, for all of us driven to work for a better world? The Syriza Wave is a page-turning blend of political reportage, personal reflection, and astute analysis.

Banking Crises

Banking Crises PDF Author: Garett Jones
Publisher: Palgrave Macmillan
ISBN: 9781349554126
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Why do banks collapse? Are financial systems more fragile in recent decades? Can policies to fix the banking system do more harm than good? What's the history of banking crises? With dozens of brief, non-technical articles by economists and other researchers, Banking Crises offers answers from diverse scholarly viewpoints.