The Greek Tragedy

Kokkoris, Ioannis; Olivares-Caminal, Rodrigo; Papadakis, Kiriakos
September 2010
Journal of Banking Regulation;Sep2010, Vol. 11 Issue 4, p257
Academic Journal
The author reflects on the financial crisis experienced by Greece due to its outstanding debt as well as the possible measures that could help the country to repay its debts. An overview of the present condition of the country is presented wherein Greek has a total nominal debt of 298.5 billion Euros or a 115 percent debt in gross domestic product (GDP) ratio. The author contends on the need to restructure debts through an exchange offer of debt maturity extension and interest rates reduction.


Related Articles

  • Outlook and Assumptions: Outlook.  // Greece Country Monitor;Nov2011, p3 

    The article offers information on the economic outlook in Greece. It says that the Eurozone will continue to keep the country afloat on its sovereign debts until a proper measure is made to limit the effect of the debt restructuring in the area. It mentions that the economy remains unstable due...

  • Country Intelligence: Report: Greece.  // Greece Country Monitor;May2012, p1 

    The article provides an overview of the economic outlook of Greece as of April 2012. It anticipates country's public debt levels to remain high in spite of debt restructuring and highlights the gross domestic product (GDP) decline by 5.6% in 2012. Interest rates is estimated to remain at the...

  • European Banks Ready to Aid Greece.  // American Banker;6/27/2011, Vol. 176 Issue 98, p15 

    The article reports that European banks and insurers in the euro zone are supporting a rollover of Greek debt with a plan that includes a bailout and private-sector participation and is expected to be ready in July 2011.

  • Editors� Note.  // Ethics & International Affairs (Wiley-Blackwell);2007, Vol. 21 Issue 1, p3 

    The article reflects on the economic, social, and political consequences of sovereign debts. It discusses that the high debt levels have a direct influence on the capacity of a government to provide essential services for the well-being of its citizens. It says that the current practices for the...

  • Poland's commercial bank creditors on track for debt restructuring.  // American Banker;7/6/1994, Vol. 159 Issue 128, p17 

    Reports on the commitment of Poland's commercial creditors to restructuring Poland's debt. Increase in the number of waivers for the buyback option in the restructuring deal; Other options in the deal.

  • Greek Debt Crisis and the PIIGS: Europe's Financial Swine Flu. McDowell, Daniel // World Politics Review;5/6/2010, p3 

    The article addresses the debt crisis faced by Portugal, Ireland, Italy, Greece and Spain in 2010. Reportedly, Greek, Portuguese and Spanish bonds dropped, along with the decline of the stock markets. Although the International Monetary Fund (IMF) and the European Union (EU) provided financial...

  • Greece's debt declines in 2013.  // Regional Today;2/21/2014, p3 

    The article reports on the decline in the state debt of Greece to 321.47 million euros in January 2014.

  • Why Greek debt crisis mailers in Chicago. SUDERMAN, ARLAN // Farmer-Stockman;Aug2011, Vol. 101 Issue 8, p45 

    The article reports on the impact of the Greek debt on global economy.

  • Record sum of new debts to the Greek state in August.  // Regional Today;9/22/2014, p2 

    The article reports on the increase of the expired debts to the Greek state to a record high in August 2014 based on the data released by the Athens-based Finance Ministry.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics