The Greek Crisis: Tragedy or Opportunity
After its 2009-2010 fiscal crisis shook the euro, could the Greek government stabilize debt, avoid default, and stay on the euro? This case looks at the Greek social and political road to fiscal crisis; the economics of that crisis and efforts to recover from it; the danger the crisis posed to the euro; cooperation and conflict among European states, the European Central Bank, and the International Monetary Fund to try to help Greece emerge from crisis; and the role financial markets played in these events.
Collection: HBSP (USA)
Ref: HBS-711088-E
Format: PDF
Number of pages: 35
Publication Date: Apr 5, 2011
Language: English, Spanish
Review date: Oct 12, 2017
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Description
After its 2009-2010 fiscal crisis shook the euro, could the Greek government stabilize debt, avoid default, and stay on the euro? This case looks at the Greek social and political road to fiscal crisis; the economics of that crisis and efforts to recover from it; the danger the crisis posed to the euro; cooperation and conflict among European states, the European Central Bank, and the International Monetary Fund to try to help Greece emerge from crisis; and the role financial markets played in these events.
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Year: 2009
Geographic Setting: Greece;Europe
Industry Setting: Banking; Public administration; Banking & credit
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