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The Greek Debt Crisis: Suggested Solutions and Reforms

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  • Leo Michelis

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    (Ryerson University; The Rimini Centre for Economic Analysis (RCEA))

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    Abstract

    This paper examines eight suggested solutions to the Greek debt crisis and six political and institutional reforms in order to achieve a single objective: eliminate deviations from the EU benchmark and thus transform the country into a modern EU state. In the absence of a national political consensus to tackle the debt crisis and implement political and institutional reforms, a new political force should be formed to accomplish these tasks, and also embrace the "frustrated" or "Facebook" generation’s demands for better living standards and more equitable income distribution.

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    File URL: http://www.rcfea.org/RePEc/pdf/pre01_11.pdf
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    Bibliographic Info

    Paper provided by The Rimini Centre for Economic Analysis in its series Professional Reports with number 01_11.

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    Date of creation: Nov 2011
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    Handle: RePEc:rim:rimpre:01_11

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    Related research

    Keywords: Debt crisis; bank runs; euro zone; economic reforms; political reforms;

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