... IMF International Monetary Fund markets Simitis Costas closed professions Karamanlis Kostas pensions OECD Organisation for Economic Co operation and Development Greece Eurozone New Democracy Costas Karamanlis Economic policy By the end of 2003, Greece’s international standing had risen...

... convergence social security system crisis Ecofin Economic and Financial Affairs Council deficit intergovernmental cooperation stability austerity PASOK Panhellenic Socialist Movement public sector balance of payments CDS credit default swaps political system swaps Greece Eurozone PASOK George...

... solidarity Spain ECB European Central Bank IMF International Monetary Fund deficit Ecofin Economic and Financial Affairs Council EU European Union European Commission European Council Eurozone France growth Rompuy Van GDP gross domestic product China devaluation EMU Economic and Monetary...

... closed professions public sector banking sector deficit Ecofin Economic and Financial Affairs Council ESM European Stability Mechanism pensions USA haircut Eurozone Greece Debt restructuring PSI EFSF Italy Spain August 2011 was anticipated to pass quietly. EU leaders had taken decisive...

...The chapter discusses the attempts of the Greek government to improve the country's profile amongst its partners as speculation grew that Greece's might be pushed out of the Eurozone as a means of restoring confidence in the Euro and applying pressure on Spain and Italy to pursue further reforms...

...The chapter discusses the way in which the European Union has sought to resolve the Eurozone crisis. It is argued that the crisis revealed major shortcoming in the architecture of Economic and Monetary Union which did not attract sufficient attention early on. The response to the crisis was also...

... preparations comparative institutional advantage European social model Baltic States competition state Economic and Monetary Union Eurozone crisis International Monetary Fund Cyprus Greece Ireland Italy Portugal Spain Employment Policy Lisbon Strategy The European Social Dimension The Eurozone...

... Movement Papandreou George unemployment deficit public expenditure Greece Eurozone PASOK George Papandreou Economic policy New Democracy’s electioneering during the campaign was as selective as it was cynical. It portrayed itself as the honest party, omitting any mention of its own enormous...

... of Eurozone countries. This led both Ireland and Portugal to resort to the EU/IMF for a bailout package. crisis ECB European Central Bank EFSF European Financial Stability Facility EMU Economic and Monetary Union France deficit economic governance fiscal discipline fiscal policy loans austerity...

... erroneous. These uncertainties fuelled speculation about a possible restructuring of Greece's debt. Greece Greek government pensions crisis ECB European Central Bank Eurozone Troika closed professions European Commission fiscal consolidation interest rates unemployment Eurozone Greece...

... efforts to forge consensus were undermined by the opposition. In response the PM stated toying with the idea of a referendum as a means of enhancing the legitimacy of government policy. debt Ireland loans Bank of Greece ECB European Central Bank European Council Eurozone GDP gross domestic product...

...The chapter discusses the decision of the Greek Prime Minister, George Papandreou, to call for a referendum on the decisions of the Eurozone Summit of 26 October 2011. It argues that the referendum call was a mistake that undermined the credibility of the government both domestically and abroad...

... domestic product recession task force austerity Papademos Lucas Eurozone Greece Papademos PSI Memorandum Banking sector Public opinion welcomed with relief the new coalition government. Opinion polls indicated the new Prime Minister’s popularity rating was high. In a vote of confidence on 15...

... of the country's negotiating strategy with its creditors. Mistrust towards Greece was epitomised by German suggestions that the EU should appoint a Commissioner with executive powers over the drafting of the Greek budget. Eurozone Greece PSI private sector involvement Troika minimum wage Papademos Lucas...

... organisations public administration nationalism populism Eurozone Greece Economic policy Memorandum IMF Austerity The second Memorandum ¹ was a resounding confirmation that the first Memorandum had failed. Before the designated period of implementation was even over, its targets had proved...

...The chapter discusses the implementation of the provisions surrounding Greece's second bailout package. It is argued that the successful completion of the PSI programme offered important breathing space to both Greece and the Eurozone, but did not fully dispel concerns over the sustainability...

...The chapter discusses the intensification of the Eurozone crisis in the aftermath of the Greek election of May 2012, particularly as concerns over the health of the Spanish economy put pressure on the value of the Euro. The ECB warned that the very design of EMU was no longer sustainable...

... by the Greek government. energy Memoranda pensions Eurozone globalisation Greek exit political parties crisis New Democracy SYRIZA Coalition of the Radical Left convergence drachma European project Greece modernisation patronage referendum stability bureaucracy DIMAR Democratic Left Golden...

... Memoranda Portugal reforms unemployment austerity employment fiscal consolidation Greek exit ECB European Central Bank European Commission Financial Times Frankfurter Allgemeine Zeitung FAZ Troika IMF International Monetary Fund Greece Eurozone Memorandum Economic policy Bruegel IMF Debt...

...The book examines the European debt crisis with particular reference to the case of Greece. It investigates its spillover from a Greek-specific problem to a Eurozone-wide crisis and chronicles the policy responses to combat it. The central argument of the book is that the principal cause...