Global Financial Crisis and Greek Debt Crisis

• Autorzy: Grigorios Gikas , Alina Hyz , Periklis Tagkas
• Języki publikacji: EN

Abstrakty

EN

This paper presents the causes of the global financial crisis and critically discusses the Greek debt crisis. We argue that the crisis is the result of deterioration of Greek macroeconomic characteristics to levels inconsistent with long-term EMU participation. We also argue that without extensive structural reforms the sustainability of the European Monetary Union is in question. We suggest that the European leaders should take initiatives to create mechanisms to address the debt crisis, to improve surveillance for the implementation of fiscal rules and to strengthen economic cooperation between countries in order to raise funds that may cover the short-term needs of countries facing sovereign debt crisis. (original abstract)

Słowa kluczowe

EN

Financial crisis; Causes of crisis; Crisis management; Public debt; Bonds

PL

Kryzys finansowy; Przyczyny kryzysu; Zarządzanie kryzysowe; Dług publiczny; Obligacje

• Czasopismo: Acta Universitatis Lodziensis. Folia Oeconomica
• Rocznik: 2012
• Tom: 273 Globalne aspekty kryzysu strefy euro
• Strony: 135--146

Twórcy

autor

Grigorios Gikas

• Technological Educational Institution of Epirus, Greece

autor

Alina Hyz

• Technological Educational Institute of Epirus, Greece

autor

Periklis Tagkas

• Technological Educational Institution of Epirus, Greece

Bibliografia

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Identyfikatory

DOI

11089/2107