The economic and financial history of Greece offers interesting in-sights into the current worldwide economic crisis. In the nineteenth, twentieth and twenty-first centuries, Greece went through a series of financial disasters due to external factors and to policies that failed to take fiscal stability into account, insofar as they relied heavily on foreign loans. These, in many cases, led to real bankruptcies. This article compares the attempted bailout by a British bank in 1893 with the salvage operation of 2010 that avoided the technical bank- ruptcy of Greece. Although the outcomes differed, owing to sharply different geopolitical and geo-economic contexts and to the amount of money committed to these financial operations, in both casesGreece relied on Europe to avoid impending financial disaster.

Greek Bailouts in Historical Perspective: Comparative Case Studies, 1893 and 2010

Albanese Ginammi, Alessandro;
2016

Abstract

The economic and financial history of Greece offers interesting in-sights into the current worldwide economic crisis. In the nineteenth, twentieth and twenty-first centuries, Greece went through a series of financial disasters due to external factors and to policies that failed to take fiscal stability into account, insofar as they relied heavily on foreign loans. These, in many cases, led to real bankruptcies. This article compares the attempted bailout by a British bank in 1893 with the salvage operation of 2010 that avoided the technical bank- ruptcy of Greece. Although the outcomes differed, owing to sharply different geopolitical and geo-economic contexts and to the amount of money committed to these financial operations, in both casesGreece relied on Europe to avoid impending financial disaster.
File in questo prodotto:
File Dimensione Formato  
Greek bailout in historical.pdf

accesso aperto

Tipologia: Versione Editoriale (PDF)
Licenza: Creative commons
Dimensione 206.02 kB
Formato Adobe PDF
206.02 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/20.500.12071/30169
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
social impact