June 17, 2021

Download Ebook Free Funding The Greek Crisis

Funding the Greek Crisis

Funding the Greek Crisis
Author : Constantinos Ikonomou
Publisher : Academic Press
Release Date : 2018-06-15
Category : Business & Economics
Total pages :336
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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

Europe and the Financial Crisis

Europe and the Financial Crisis
Author : Pompeo Della Posta,Leila Simona Talani
Publisher : Springer
Release Date : 2011-04-28
Category : Political Science
Total pages :282
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The global financial and economic crisis has brought about many effects that are still difficult to interpret univocally. This book studies the consequences of the crisis on Europe by examining the effects on the European institutional setup, governance and architecture and by studying in detail the different member countries.

The Making of the Greek Crisis

The Making of the Greek Crisis
Author : James Pettifer
Publisher : Penguin UK
Release Date : 2012-05-01
Category : Business & Economics
Total pages :200
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Penguin Specials are designed to fill a gap. Written to be read over a long commute or a short journey, they are original and exclusively in digital form. The financial and social crisis in Greece has deep roots in the country's society and history. In this new Penguin Short, the leading Balkan commentator and Oxford University historian James Pettifer explores the reasons for Greece's current situation, tracing the deep fissures caused by unresolved issues dating back to the Second World War, Greece's often difficult relationships with Turkey and the Balkan neighbours to the north, and its problematic position in the European Union. In 1981, Greece became the tenth member of what was then the European Economic Community, and for a time seemed to be making good progress in democratisation and economic development. Now that achievement is at serious risk. The author has extensive experience in Greece dating back to the time of the Colonels dictatorship in the early 1970s and its bitter aftermath. The Making of the Greek Crisis sets the scene for the country's intractable financial crisis and associated conflict with the European Union institutions in Brussels, and explains the practical, difficult choices facing the Greek people at this important turning point in their history.

SME Finance and the Economic Crisis

SME Finance and the Economic Crisis
Author : Alina Hyz
Publisher : Routledge
Release Date : 2019-05-22
Category : Business & Economics
Total pages :124
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This book analyses the financing problems of Greek small and medium-sized enterprises (SMEs), within a liberalized financial system and within an economic environment of fiscal and monetary constraints. Using recent data covering a ten-year period, the main aim of the research is to explain the interdependence between the situation of the banking sector generally and that of small and medium enterprises. The author argues that the reluctance of banks to lend to Greek companies because of the strict financing constraints, due to the national debt crisis, serves to exacerbate the cycle of economic recession. This factor seriously undermines the efforts of Greek companies to develop growth opportunities, and negatively affects their competitiveness as well as their ability to strengthen their market position. The author examines the supply and demand aspect of the problem: there is lower demand for lending due to the decline of demand for goods and services as well as a tightening of banks’credit standards, whilst on the supply side, the deteriorating financial situation of banks and their willingness to avoid increasing risk are important contributing factors. Finally, the author presents the main conclusions of the analyses carried out in the previous sections of the book and discusses some relevant recommendations for future research. Building on the extant literature, this book analyses the problem from the point of view of both businesses and the banking sector. The study is useful for scholars, businesses and policy decision makers who are interested in the problem of small and medium-sized enterprises financing.

European Union Member Economies

European Union Member Economies
Author : Source Wikipedia
Publisher : University-Press.org
Release Date : 2013-09
Category :
Total pages :90
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 147. Chapters: Greek government-debt crisis, Economy of the European Union, Economy of Greece, Economy of Hungary, Economy of the United Kingdom, Economy of Bulgaria, Economy of Lithuania, Economy of Italy, Economy of Portugal, Economy of Germany, Economy of Finland, Economy of Romania, Economy of the Republic of Ireland, Economy of Spain, Economy of Estonia, Economy of Denmark, Economy of France, Economy of Sweden, Economy of Poland, Economy of Cyprus, Economy of Belgium, Economy of the Czech Republic. Excerpt: The Greek government-debt crisis is one of a number of current European sovereign-debt crises and is believed to have been caused by a combination of structural weaknesses of the Greek economy coupled with the incomplete economic, tax and banking unification of the European Monetary Union. In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations due to strong increase in government debt levels. This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the other countries in the Eurozone, most importantly Germany. The downgrading of Greek government debt to junk bond status in April 2010 created alarm in financial markets, with bond yields rising so high, that private capital markets practically were no longer available for Greece as a funding source. On 2 May 2010, the Eurozone countries and the International Monetary Fund (IMF) agreed on a bailout loan for Greece, conditional on compliance with the following three key points: The payment of the bailout was scheduled to happen in several disbursements from May 2010 until June 2013. Due to a worsened recession and the fact that Greece had worked slower than expected to comply with point 2 and 3 above, there...

The Depoliticisation of Greece’s Public Revenue Administration

The Depoliticisation of Greece’s Public Revenue Administration
Author : Dionyssis Dimitrakopoulos,Argyris Passas
Publisher : Springer Nature
Release Date : 2019-09-25
Category : Law
Total pages :163
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This book analyses the reform of Greece’s public revenue administration promoted by its international lenders under the successive bailout agreements put in place since 2010. In particular, it shows how an integral part of the finance ministry was converted into an independent agency operating largely outside the direct control of the finance minister. The authors focus on the implementation of this major reform and demonstrate the impact of domestic decisions on the increasing specificity of the international lenders’ demands and the concomitant lack of confidence in the Greek political élite’s commitment to the reform package. This book helps readers understand the response to the eurozone crisis (especially, the conditionality of funding), Greece’s reform capacity with a focus on its tax administration, and the expansion of the scope of non-majoritarian institutions in Western democracies.

The Commission's Intervention in the Greek Financial Crisis

The Commission's Intervention in the Greek Financial Crisis
Author : Anonim
Publisher : Unknown
Release Date : 2017
Category :
Total pages :129
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We examined the European Commission's management of the three Economic Adjustment Programmes for Greece, bearing in mind the institutional set-up of the different financial assistance instruments used. In relation to the ongoing programme, the audit focused only on the design aspects. Funding for the first programme (GLF), in 2010, was 110 billion euros; for the second (EFSF; 2012) it was 172.6 billion euros and for the third (ESM; 2015) it was 86 billion euros. As of mid-2017, Greece still requires external financial support and we found that the objectives of the programmes were met only to a limited extent. Overall, the programmes' design did make the progress of reform in Greece possible, but we found weaknesses. We make a number of recommendations to the Commission for future support programmes.

Greece in Crisis

Greece in Crisis
Author : Dimitris Tziovas
Publisher : Bloomsbury Publishing
Release Date : 2017-08-30
Category : History
Total pages :336
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Since 2010 Greece has been experiencing the longest period of austerity and economic downturn in its recent history. Economic changes may be happening more rapidly and be more visible than the cultural effects of the crisis which are likely to take longer to become visible, however in recent times, both at home and abroad, the Greek arts scene has been discussed mainly in terms of the crisis. While there is no shortage of accounts of Greece's economic crisis by financial and political analysts, the cultural impact of austerity has yet to be properly addressed. This book analyses hitherto uncharted cultural aspects of the Greek economic crisis by exploring the connections between austerity and culture. Covering literary, artistic and visual representations of the crisis, it includes a range of chapters focusing on different aspects of the cultural politics of austerity such as the uses of history and archaeology, the brain drain and the Greek diaspora, Greek cinema, museums, music festivals, street art and literature as well as manifestations of how the crisis has led Greeks to rethink or question cultural discourses and conceptions of identity.

From the Financial Crisis to the European Debt Crisis

From the Financial Crisis to the European Debt Crisis
Author : Stefan Redlich
Publisher : Akademische Verlagsgemeinschaft München
Release Date : 2012-01-24
Category : Business & Economics
Total pages :128
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The objective of this paper is to review and critically analyze the situation of different euro area member states (Portugal, Ireland, Greece and Spain), commonly referred to as PIGS, the different proposals put forward and ultimately develop and structure a tailored proposal as how to cope with the crisis. Additional analysis will concentrate on the way and the timing the German government reacted to the crisis. A concise conclusion sums up the crucial points of this paper and also gives an outlook, respectively a prognosis, of the future based on decisions taken or agreed to be taken.

Ireland

Ireland
Author : International Monetary Fund
Publisher : International Monetary Fund
Release Date : 2015-10-23
Category : Business & Economics
Total pages :137
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Ireland’s major property bubble burst at the same time as the global financial crisis erupted, plunging the country into a severe recession in 2008–10. Public debt climbed rapidly as revenues collapsed and as banks’ rising loan losses increasingly required public support. Following the Greek crisis in spring 2010 and emerging tensions in the euro area, the last act in the process saw the operation of the “sovereign-bank loop”—a vicious cycle where uncertainty about banks’ health fed into doubts around the sustainability of public debt, which only added to fears about the banks. The government lost access to market financing at manageable interest rates, and Ireland entered into a three-year program supported by €67.5 billion of financial assistance from the European Union (EU) and IMF in late 2010. Ireland’s program therefore had three main goals: restoring the viability of the banking system; putting the public finances on a sustainable path and returning to market funding; and restarting economic recovery including by improving growth potential. A large bank recapitalization in early 2011 helped stabilize deposits and other bank funding. The government’s access to market financing was progressively regained from mid 2012, enabling Ireland to exit the program at the end of 2013 and rely fully on market financing at highly favorable terms. The first signs of recovery were seen in strong job creation starting in the second half of 2012, and Ireland’s recent economic figures have surpassed even the most optimistic expectations, with growth of about 5 percent in 2014. Seeking to draw lessons for Ireland, the EU, and the IMF, as well as other countries facing similar challenges, the Central Bank of Ireland (CBI), the Centre for Economic Policy and Research (CEPR), and the IMF organized a conference titled “Ireland—Lessons from Its Recovery from the Bank-Sovereign Loop.” Held on January 19, 2015, at the historic Dublin Castle, it brought together Irish government representatives, European officials, academics, journalists, private sector representatives, and other stakeholders, as well as the IMF’s Managing Director. The conference discussions were anchored by three papers by leading international academics and moderated by journalists familiar with the issues. The event concluded with a high-level panel discussion by senior policymakers.

Austerity and the Third Sector in Greece

Austerity and the Third Sector in Greece
Author : Jennifer Clarke,Asteris Huliaras
Publisher : Routledge
Release Date : 2016-03-09
Category : Political Science
Total pages :296
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Organised civil society in Greece is generally regarded as weak with rankings for associational density, volunteerism and levels of social capital traditionally among the lowest in Europe. Austerity and the Third Sector in Greece explores the context behind the statistics and general perceptions of a society of takers, not givers. Stereotypes of a country living beyond its means have been exacerbated by the Eurozone crisis but, since 2008, there has in fact been a great proliferation of organised civil society initiatives in the country. Has the financial crisis seen a belated awakening of Greek civil society? Offering a broad overview of contemporary civil society in Greece this book explores how various characteristics of the country's socio-political context have affected the development of the third sector and examines the effect of the economic crisis on it. Expert contributors combine macro-level analyses with local case studies to form a fascinating new study on the influences of national and regional context on civil society development. Their findings provide not only for a better understanding of similar movements, but also contribute to wider academic debates on societal responses to economic crises.

The Incomplete Currency

The Incomplete Currency
Author : Marcello Minenna,Giovanna Maria Boi,Paolo Verzella
Publisher : John Wiley & Sons
Release Date : 2016-03-30
Category : Business & Economics
Total pages :552
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A fact-based treatise on the Eurozone crisis, with analysis of possible solutions The Incomplete Currency is the only technical — yet accessible — analysis of the current Eurozone crisis from a global perspective. The discussion begins by explaining how the Euro's architecture, the relationship between finance and the real economy, and the functioning of the Eurosystem in general are all at the root of the current crisis, and then explores possible solutions rooted in fact, not theory. All topics are analysed and illustrated, making extensive use of examples, tables, and graphics, and the ideas presented are supported by data sets and their statistical elaborations throughout the book. An extensive digital component includes numerical simulations of public debt dynamics for different Eurozone countries, evaluations of the sustainability of programmes like the Fiscal Compact, and stress tests on the ability of institutions like the ESM to cope with major liquidity crises, and the spreadsheets used to calculate data in the book is provided for readers to access for themselves. The survival of the European monetary union has been questioned due to the accumulation of structural imbalances and the negative effects of the global financial crisis. This book lays out the full extent of the problem, explains what caused it, and provides possible solutions backed by extensive data. Dig down to the root of the Eurozone crisis Learn why austerity doesn't fix anything Understand how the Euro has changed economies Consider possible strategies for recovery In a macroeconomic context where the monetary policy is the prerogative of the European Central Bank and fiscal policy, hopeless austerity works against the economic recovery of the Eurozone countries. A positive attitude is difficult, but necessary. The Incomplete Currency is an insightful, important resource that guides readers toward real solutions.

Troikanomics

Troikanomics
Author : Ray Kinsella,Maurice Kinsella
Publisher : Springer
Release Date : 2018-12-08
Category : Business & Economics
Total pages :217
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The ‘Troika’ is a word that is scorched into the narrative of the EU’s banking and economic crisis – a triumvirate constituted by the European Central Bank, the European Commission and the International Monetary Fund. The modus operandi of the Troika is defined by the authors of this book as ‘Troikanomics’. Ostensibly, the role of the Troika was to develop, coordinate and oversee the provision of conditional funding to support national governments in restructuring their economies. In fact, their power and influence extended far more widely. They enforced an unprecedentedly severe austerity programme of fiscal and structural adjustment through oppressive political oversight. Their practical impact was to impose on debtor countries in the EU periphery the single greatest economic and social dislocation in Europe’s recent history, thus corroding their autonomous capacities and enfeebling their national sovereignty. The Troika’s word was law in those countries where its writ ran – Greece, Ireland, Cyprus, and to a more limited extent, Spain. It was answerable only to a trio of unelected organisations, far removed from the consequences of its policies on the lives of citizens. Widespread socio-political reaction to Troikanomics gave shape to the anti-austerity movement across the EU, characterised by the centre as ‘Populism’. This book provides a timely response to the revisionist argument that there is no longer a ‘crisis’ in Europe. In their innovative analysis, the authors argue that Troikanomics is a manifestation of a deeper existential crisis within the EU that encompasses the centralisation of power, Brexit, Europe’s ominous militarisation and the progressive abandonment of its foundational values.

IMF Economic Review

IMF Economic Review
Author : Anonim
Publisher : Unknown
Release Date : 2011
Category : Commerce
Total pages :129
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Journal of Finance

Journal of Finance
Author : Anonim
Publisher : Unknown
Release Date : 1897-12
Category :
Total pages :129
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