Author: Matthew Lynn
Publisher: John Wiley & Sons
ISBN: 1119990688
Category : Business & Economics
Languages : en
Pages : 290
Book Description
Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.
Bust
Author: Matthew Lynn
Publisher: John Wiley & Sons
ISBN: 1119990688
Category : Business & Economics
Languages : en
Pages : 290
Book Description
Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.
Publisher: John Wiley & Sons
ISBN: 1119990688
Category : Business & Economics
Languages : en
Pages : 290
Book Description
Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.
Greece's 'odious' Debt
Author: Jason Manolopoulos
Publisher: Anthem Press
ISBN: 0857287710
Category : Business & Economics
Languages : en
Pages : 282
Book Description
"Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.
Publisher: Anthem Press
ISBN: 0857287710
Category : Business & Economics
Languages : en
Pages : 282
Book Description
"Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.
Achieving the Impossible
Author: George Tsitsonis
Publisher:
ISBN: 9781925914085
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN: 9781925914085
Category :
Languages : en
Pages :
Book Description
The Greek Crisis and European Modernity
Author: Anna Triandafyllidou
Publisher: Springer
ISBN: 1137276258
Category : Social Science
Languages : en
Pages : 348
Book Description
This collection explores the current economic and political crisis in Greece and more widely in Europe. Greece is used to illustrate and exemplify the contradictions of the dominant paradigm of European modernity, the ruptures that are inherent to it, and the alternative modernity discourses that develop within Europe.
Publisher: Springer
ISBN: 1137276258
Category : Social Science
Languages : en
Pages : 348
Book Description
This collection explores the current economic and political crisis in Greece and more widely in Europe. Greece is used to illustrate and exemplify the contradictions of the dominant paradigm of European modernity, the ruptures that are inherent to it, and the alternative modernity discourses that develop within Europe.
Europe in Modern Greek History
Author: Kevin Featherstone
Publisher: Hurst & Company
ISBN: 9781849042468
Category : History
Languages : en
Pages : 0
Book Description
"Europe", "Europeanness" and "European" have been important themes in the history of modern Greece, from the establishment of the new state in 1832 to the sovereign debt crisis of 2010. "Europe" has served as key reference points in questions of identity, progress, capability, legitimation and strategic interest. Indeed, few nations have experienced "Europe" with such intensity, reacted with so much angst, and witnessed effects of such consequence. Now, in the context of two financial bail- outs and the imposition of tough austerity measures, it is the "euro-zone" that is shaking the Greek economy, state and society to its roots. This turmoil needs to be understood in the context of a sequence of questions and doubts that encompass arts and politics, social integration and economic development. This volume addresses the complexity of Greece's relationship with "Europe" - examining its manifestations in culture, politics, society, foreign policy and the economy. It deepens our knowledge not only of how modern Greece has reached this point, but also of what Europe is, what it represents, how it may impact domestically, and why it may be viewed differently.
Publisher: Hurst & Company
ISBN: 9781849042468
Category : History
Languages : en
Pages : 0
Book Description
"Europe", "Europeanness" and "European" have been important themes in the history of modern Greece, from the establishment of the new state in 1832 to the sovereign debt crisis of 2010. "Europe" has served as key reference points in questions of identity, progress, capability, legitimation and strategic interest. Indeed, few nations have experienced "Europe" with such intensity, reacted with so much angst, and witnessed effects of such consequence. Now, in the context of two financial bail- outs and the imposition of tough austerity measures, it is the "euro-zone" that is shaking the Greek economy, state and society to its roots. This turmoil needs to be understood in the context of a sequence of questions and doubts that encompass arts and politics, social integration and economic development. This volume addresses the complexity of Greece's relationship with "Europe" - examining its manifestations in culture, politics, society, foreign policy and the economy. It deepens our knowledge not only of how modern Greece has reached this point, but also of what Europe is, what it represents, how it may impact domestically, and why it may be viewed differently.
Stateness and Sovereign Debt
Author: Kostas A. Lavdas
Publisher: Lexington Books
ISBN: 0739181270
Category : Political Science
Languages : en
Pages : 202
Book Description
This book examines the present crisis of Greece’s political economy as a crisis of stateness, tackling the domestic as well as the international dimensions. It represents the first attempt by Greek academics to put forward a theoretically-informed, interdisciplinary analysis of Greece’s fiscal, economic, and political crisis. The approach aims to fill a major gap, combining insights from comparative politics, political economy, international relations theory, and legal-institutional analysis, in a theoretically informed account of the Greek case in comparative and theoretical perspective. The book tackles the issue of the possible next steps for the EU under the influence of the crisis of the eurozone, including a thorough analysis of national sovereignty seen from a domestic and an international point of view, focusing on critical processes in the international arena such as interdependency and dependency, while a legal-institutional chapter demonstrates the erratic way in which Greek government dealt with sovereign debt. The project comes at the right time in order to address a highly contentious chapter in the political development of the Greek state and of the European South. As the crisis in the eurozone’s weaker periphery unfolds, Lavdas, Litsas, and Skiadas use the Greek crisis in order to address a much larger and critical issue: the role and predicament of stateness in the developing EU.
Publisher: Lexington Books
ISBN: 0739181270
Category : Political Science
Languages : en
Pages : 202
Book Description
This book examines the present crisis of Greece’s political economy as a crisis of stateness, tackling the domestic as well as the international dimensions. It represents the first attempt by Greek academics to put forward a theoretically-informed, interdisciplinary analysis of Greece’s fiscal, economic, and political crisis. The approach aims to fill a major gap, combining insights from comparative politics, political economy, international relations theory, and legal-institutional analysis, in a theoretically informed account of the Greek case in comparative and theoretical perspective. The book tackles the issue of the possible next steps for the EU under the influence of the crisis of the eurozone, including a thorough analysis of national sovereignty seen from a domestic and an international point of view, focusing on critical processes in the international arena such as interdependency and dependency, while a legal-institutional chapter demonstrates the erratic way in which Greek government dealt with sovereign debt. The project comes at the right time in order to address a highly contentious chapter in the political development of the Greek state and of the European South. As the crisis in the eurozone’s weaker periphery unfolds, Lavdas, Litsas, and Skiadas use the Greek crisis in order to address a much larger and critical issue: the role and predicament of stateness in the developing EU.
Greece in the Euro
Author: Eleni Panagiotarea
Publisher: ECPR Press
ISBN: 1907301909
Category : Political Science
Languages : en
Pages : 128
Book Description
Greece banked on EMU. Entry into the eurozone was its ticket to macroeconomic stability, its modernisation jacket and its gateway to global markets. So how did such a promising start turn to dust so quickly? Was Greece the delinquent eurozone member whose fiscal downfall nearly brought down some of the world's strongest economies? Or was it the first victim of the euro’s system failure? An original approach to understanding how national institutions affect economic performance, diluting and disrupting single currency pressures for convergence and adjustment.
Publisher: ECPR Press
ISBN: 1907301909
Category : Political Science
Languages : en
Pages : 128
Book Description
Greece banked on EMU. Entry into the eurozone was its ticket to macroeconomic stability, its modernisation jacket and its gateway to global markets. So how did such a promising start turn to dust so quickly? Was Greece the delinquent eurozone member whose fiscal downfall nearly brought down some of the world's strongest economies? Or was it the first victim of the euro’s system failure? An original approach to understanding how national institutions affect economic performance, diluting and disrupting single currency pressures for convergence and adjustment.
Funding the Greek Crisis
Author: Constantinos Ikonomou
Publisher: Academic Press
ISBN: 0128145676
Category : Business & Economics
Languages : en
Pages : 338
Book Description
How does one distinguish between European Union investments that improve welfare and those that create economic malaise? Funding the Greek Crisis: The European Union, Cohesion Policies, and the Great Recession explores the sources of the Greek Crisis that lie primarily in EU policies that appeared to have worked better for other countries but not for Greece. Without overly simplifying the Greek condition, it provides insights into policies the countries of the euro area may need to implement in order to ensure collective cohesion and individual success. Arguing that EU preferences for autonomous investments discouraged organic development with lasting implications, Funding the Greek Crisis sheds new light on the nature of regional competitiveness and public economics. - Encompasses public economics, macroeconomics, international trade, competitiveness, microeconomics and regional development studies - Sheds light on key policies that affect millions of EU citizens - Examines Solow's growth model - Provides a different way of explaining growth from real business cycle theory
Publisher: Academic Press
ISBN: 0128145676
Category : Business & Economics
Languages : en
Pages : 338
Book Description
How does one distinguish between European Union investments that improve welfare and those that create economic malaise? Funding the Greek Crisis: The European Union, Cohesion Policies, and the Great Recession explores the sources of the Greek Crisis that lie primarily in EU policies that appeared to have worked better for other countries but not for Greece. Without overly simplifying the Greek condition, it provides insights into policies the countries of the euro area may need to implement in order to ensure collective cohesion and individual success. Arguing that EU preferences for autonomous investments discouraged organic development with lasting implications, Funding the Greek Crisis sheds new light on the nature of regional competitiveness and public economics. - Encompasses public economics, macroeconomics, international trade, competitiveness, microeconomics and regional development studies - Sheds light on key policies that affect millions of EU citizens - Examines Solow's growth model - Provides a different way of explaining growth from real business cycle theory
The "Greek Crisis" in Europe
Author: Yiannis Mylonas
Publisher:
ISBN: 9789004409170
Category : Financial crises
Languages : en
Pages : 0
Book Description
The "Greek Crisis" in Europe: Race, Class and Politics, analyses the publicity of the so-called "Greek crisis" by deploying critical theory and cultural studies perspectives. The study discloses racial and class media biases, and their associations with austerity.
Publisher:
ISBN: 9789004409170
Category : Financial crises
Languages : en
Pages : 0
Book Description
The "Greek Crisis" in Europe: Race, Class and Politics, analyses the publicity of the so-called "Greek crisis" by deploying critical theory and cultural studies perspectives. The study discloses racial and class media biases, and their associations with austerity.
Safeguarding the Euro in Times of Crisis
Author:
Publisher:
ISBN: 9789295085336
Category :
Languages : en
Pages : 419
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.
Publisher:
ISBN: 9789295085336
Category :
Languages : en
Pages : 419
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.