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Greek Endgame - From Austerity to Growth or Grexit (Paperback)
Loot Price: R1,004
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Greek Endgame - From Austerity to Growth or Grexit (Paperback)
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The book explores in depth both the origins of the Greek debt
crisis and the conditions under which the economy might be turned
around from its current malaise. Greek debt turned explosive after
the 2008 global crisis, through a combination of a fiscal spree and
domestic policy complacency, but the unpreparedness and indecision
of the European Union intensified the problem of liquidity and a
massive bail-out agreement became inevitable. However, the
stringencies of the adjustment program led to more recession and
unemployment, while social tension and political polarization
became entrenched. In 2015, a radical Left party, Syriza, ascended
to power on a ticket to end austerity and renegotiate Greece's debt
agreements, but a long-lasting growth and reform agenda is still to
be settled upon. This book lays out some key reforms that would
allow Greece to return to growth and, at the same time, keep the
Euro, an option that still remains a cornerstone for the country's
economic and geopolitical stability.
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