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The Greek Economic Crisis - is the Euro to Blame?

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  • Andreas Hatzigeorgiou

Abstract

The euro has been at the centre of reporting and discussion on Greece’s economic crisis. This article analyses the build-up, outbreak and development of the crisis in Greece, with the aim to answer whether the crisis can be traced to the country’s entrance into the Eurozone. By identifying a few of the underlying causes of the crisis, the article concludes that Greece’s crisis cannot be blamed on membership of the EMU. Nor is the financial meltdown and global recession of 2007–2008 to blame. Even without the euro, it is likely that Greece would have found itself in an economic crisis.

Suggested Citation

  • Andreas Hatzigeorgiou, 2014. "The Greek Economic Crisis - is the Euro to Blame?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 15(3), pages 143-162, July.
    • Handle: RePEc:wej:wldecn:594
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=594
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    Cited by:

    1. Ian Schaeffer & Miguel D. Ramirez, 2017. "Is there a Long-Term Relationship among European Sovereign Bond Yields?," Business and Economic Research, Macrothink Institute, vol. 7(1), pages 68-86, June.

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