Suchergebnisse

This paper reviews the novel policy measures developed by the EU to deal with insolvent member states and assesses their impact on Greece's political economy. Greece represents a major test case as a recipient of two bailout loans plus debt relief from private creditors. The paper examines the degree to which EU policies have been successful, evaluates the challenges that remain after four years of reforms and traces their implications for the future of European integration.

Irene Kyriakopoulos is professor of economics at the Industrial College of the Armed Forces, National Defense University, Washington, D.C. The views and opinions expressed are those of the author. They do not represent the views and opinions of the National Defense University, the Department of Defense, or any other U.S. government agency.

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