IDEAS home Printed from https://ideas.repec.org/a/mes/ijpoec/v48y2019i1p76-99.html
   My bibliography  Save this article

The Destiny of the First Two Greek “Rescue” Packages: A Survey

Author

Listed:
  • Pablo G. Bortz

Abstract

This article analyzes the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank, and IMF). By drawing on official data and documentation, this study concludes that 97.3% of the disbursed sums were used to repay interest payments and debt principal and to recapitalize Greek banks. The article also reviews the literature on the topic, which varies widely in assessments. It critically discusses different suggested means of assistance, such as the TARGET 2 system, and alternative outlays for the sums disbursed, such as the financing of capital flight and the stability of Greek pensions and depositors.

Suggested Citation

  • Pablo G. Bortz, 2019. "The Destiny of the First Two Greek “Rescue” Packages: A Survey," International Journal of Political Economy, Taylor & Francis Journals, vol. 48(1), pages 76-99, January.
  • Handle: RePEc:mes:ijpoec:v:48:y:2019:i:1:p:76-99
    DOI: 10.1080/08911916.2018.1564493
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08911916.2018.1564493
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/08911916.2018.1564493?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:ijpoec:v:48:y:2019:i:1:p:76-99. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MIJP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.