- Is Greece a Failing Developed State?
- Download: PDF 617.82 KB
- by Mylonas, Harris
- Is the Greek crisis an isolated case or the first of a series of future failing developed states? The Greek financial crisis is not on the front page of the Financial Times anymore, but it is far from over. The financial crisis did not manifest itself in Greece alone. Ireland has also sought an equally large EU-IMF rescue plan. Portugal and Spain have been under the microscope of the media and credit rating institutions. Such other instances in the Eurozone’s periphery have repercussions for the currency as a whole as well as for the EU (Straubhaar, 2010). Greece, Ireland, Portugal and Spain are members of the Eurozone area, which means that they share the same currency with economic giants such as Germany and France.
- Publication Type: Published Paper
- Publisher: The Konstantinos Karamanlis Institute for Democracy Yearbook 2011
- Published Date: January 2011
- Field of Interest: International Economics
- Harris Mylonas, Botsiou, Konstantina E., Klapsis, Antonis (eds). “Is Greece a Failing Developed State?” The Konstantinos Karamanlis Institute for Democracy Yearbook 2011: The Global Economic Crisis and the Case of Greece. Springer, 2011.