After Bailout, Greece Controls Spending but Lags on Structural Reforms

Sotiropoulos, Dimitri A.
July 2013
World Politics Review (19446284);7/18/2013, p1
The article focuses on the results of the 2010-2012 austerity measures in Greece. An overview of the Greek fiscal crisis in May 2010 is presented wherein the Greek government was unable to service its public debt, which was 129 percent of the gross domestic product (GDP) as of 2009. Loans and technical assistance provided by the European Commission, the European Central Bank, and the International Monetary Fund are discussed, as well as the structural reforms that were implemented.


Related Articles

  • Croatia Asset Class Strategy: Fixed Income Still The Better Pick.  // Emerging Markets Monitor;4/16/2012, Vol. 18 Issue 3, p16 

    The article provides the Croatia asset class strategy for 2012. With a real Gross Domestic Product (GDP) forecast of 1.5% after a zero growth in 2011, The article indicated value in Coratian fixed income due to Kukuriku government's commitment to fiscal austerity, economic reforms and its...

  • Europe Mulls Plan B For 'Grexit' Scenario. ANDREA RIQUIER // Investors Business Daily;7/9/2015, pA01 

    The article reports on the plan of Europe regarding the decision of Greece to exit as a member of the European Union. Topics mentioned include the plan of European Central Bank to increase bond purchases, cost estimates of a Greek exit, projected gross domestic product growth for Europe, and...

  • The Fight of the Greeks is Universal. Kouloglou, Stélios // Executive Intelligence Review;6/19/2015, Vol. 42 Issue 25, p45 

    The article focuses on the status of the politics, economy, and government of Greece as of June 2015. Topics discussed include the move of Mario Draghi, president of the European Central Bank (ECB), on cutting off the main source of financing of Greek banks and replaced it with Emergency...

  • Germany OKs Greek Bailout. Investor's Business Daily // Investors Business Daily;8/20/2015, pA01 

    9 Lawmakers approved a 3rd rescue deal, despite significant conservative opposition. The Dutch parliament also OK'd the bailout. That clears the way for Athens to receive money to make a 3.2 bil-euro debt payment to the European Central Bank on Thu. Greece PM Alexis Tsipras is weighing whether...

  • ECONOMIC LANDSCAPE.  // Greece Country Profile;2012, p40 

    The article offers information on the economic condition of Greece in 2011. It mentions an agreement between the European Central Bank (ECB) and International Monetary Fund (IMF) to write off 50 percent Greek debt upon the implementation of further austerity measures and reduction of the debt...

  • THE GOLD STANDARD, THE EURO, AND THE ORIGINS OF THE GREEK SOVEREIGN DEBT CRISIS. Dellas, Harris; Tavlas, George S. // CATO Journal;Fall2013, Vol. 33 Issue 3, p491 

    The article discusses the roles of the gold standard and the currency the euro in the origin of the Greek sovereign debt crisis of the early 21st century. It examines Greece's 2001 entrance into the eurozone, the monetary policy of the European Central Bank (ECB), and fiscal and external...

  • GREECE AND WHAT IT MEANS TO OWE. Scaliger, Charles // New American (08856540);9/7/2015, Vol. 31 Issue 17, p17 

    The article focuses on Greece's economy that owes unpayable debts to the International Monetary Fund, European Central Bank, and the European Commission. It discusses how the failure to stabilize its economy resulted in piling up debts without putting in reforms to recover the economy as...

  • New gov't follows austerity script. Giannakis, Afrodity // Green Left Weekly;12/7/2011, Issue 906, p26 

    The article focuses the financial concerns of the Panhellenic Socialist Movement (PASOK) government in Greece. It states that after PASOK won the October 2009 election, the government secretly hand over the country to the International Monetary Fund, (IMF), European Union (EU) and European...

  • Country Intelligence: Report: France.  // France Country Monitor;May2012, p1 

    The article provides an overview of the economic outlook of France as of April 2012. It forecasts gross domestic product (GDP) to rise by 0.1% and expects a deteriorating condition in the labor market, increasing fiscal austerity, and continued concerns on the economic outlook to limit...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics