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Causes Of Debt Crisis In Greece

Author

Listed:
  • Lucia Rozova

    (Katedra ekonomiky a riadenia verejnej správy, Fakulta verejnej správy, Univerzita Pavla Jozefa Šafárika v Košiciach)

Abstract

The primary objective of the paper is to investigate the causes of the debt crisis in Greece, to describe its course based on the materials studied. The paper focuses on completing all identified causes that have affected the crisis situation in Greece. The causes are several, but the most significant is the annual increase in public caused by poor government management and their welfare state program. In a nutshell, we will outline the situation since 2010 and the program of assistance provided to Greece by the IMF, the EU and the ECB.

Suggested Citation

  • Lucia Rozova, 2019. "Causes Of Debt Crisis In Greece," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 17(1), pages 44-61.
    • Handle: RePEc:brv:journl:v:17:y:2019:i:1:p:44-61
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    File URL: https://fmv.euba.sk/RePEc/brv/journl/MV2019-1.pdf
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    More about this item

    Keywords

    Greece; debt crisis; public debt; fiscal imbalance;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G01 - Financial Economics - - General - - - Financial Crises
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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