Abstract for:

The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts

Silvia  Ardagna,  Francesco  Caselli,  March 2012
Paper No' CEPSP25:

---

Save Reference as: BibTeX File | EndNote Import File

---

Keywords: debt crisis; Greece; political economics

JEL Classification:

Is hard copy/paper copy available? YES - Paper Copy Still In Print.

---

This Paper is published under the following series: CEP Special Reports

---

Share: Google Bookmarks | Facebook | Twitter

---

Abstract:

We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that the second bailout was not on the Pareto frontier and sketch political-economy arguments for why this may be so.