THE GREEK PUBLIC DEBT

The public discussion for the economic crisis in Greece is plagued by inaccuracies and false evaluations, leading to wrong conclusions. It is widely said, even by people holding the most relevant public offices, that the rescue packages caused the recession, that the debt relief will end austerity, that to impose austerity measures was altogether wrong, that the prolonged recession must be attributed to the incorrect multiplier or that the PSI ruined the social insurance funds.

This book is a brief and accurate report on how the Greek debt developed during the last 40 years of continuous democracy, and also a significant contribution to the clarification of various misconceptions concerning this issue.

Short Introductions series is about brief reference books written by experts, providing accurate and in-depth knowledge on a wide variety of subjects.