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The Greek referendum: an alternative approach

Author

Listed:
  • Mavrozacharakis, Emmanouil
  • Tzagarakis, Stelios

Abstract

Admittedly, the balance of power within the European institutions, especially those related to financial stability and economic policy, is controlled by Germany. The German Federal Republic as the "main creditor" controls the Eurogroup, the Euro Working Group and has privileged relations with the International Monetary Fund (IMF) and the European Central Bank (ECB). Due to this fact, Wolfgang Schäuble as the exponent of the hard German economic strategy has a leading role within the European decision-making institutions. France, Italy and other countries are unsuccessfully trying to counteract and mitigate the German influence, as shown by the Greek issue. This framework is tightly connected with the negotiating ability of any country that inconsistently attempts to reverse the status quo, modify the rules or change the terms of an agreement. The Greek government of Alexis Tsipras sufficiently experienced this suffocating experience and announced a referendum as an attempt to open the field of negotiations.

Suggested Citation

  • Mavrozacharakis, Emmanouil & Tzagarakis, Stelios, 2015. "The Greek referendum: an alternative approach," MPRA Paper 65738, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:65738
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    File URL: https://mpra.ub.uni-muenchen.de/65738/1/MPRA_paper_65738.pdf
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    References listed on IDEAS

    as
    1. Mavrozacharakis, Emmanouil, 2015. "Zum politischen Machtwechsel in Griechenland. Die Parlamentswahlen von Januar 2015 aus einem kritischen Blickwinkel [The political Change in Greece. The parliamentary elections in January 2015 in a," MPRA Paper 62396, University Library of Munich, Germany.
    2. Mavrozacharakis, Emmanouil & Tsagarakis, Stelios & Kamekis, Apostolos, 2015. "Modern Populism in Greece," MPRA Paper 62656, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mavrozacharakis, Emmanouil, 2022. "The end of hypocrisy and the questioning of democracy," MPRA Paper 115397, University Library of Munich, Germany.

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    More about this item

    Keywords

    Greece; Populism; SYRIZA; Tsipras; Referendum ; EU Crisis; Euro; Eurogroup;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • E0 - Macroeconomics and Monetary Economics - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • G0 - Financial Economics - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • H1 - Public Economics - - Structure and Scope of Government
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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