Verschuldung in Griechenland: Ursachen einer hausgemachten Krise und Folgen für den Euro-Raum
Indebtedness in Greece: Causes of a Homemade Crisis and Consequences for the Eurozone

Summary/Abstract: Abstract. The article assesses whether the Greek economic crisis is of an exogenous nature and a consequence of the global financial crisis of 2008, or whether it rather is of an endogenous nature. The author takes both an economic and a political-cultural approach and comes to the conclusion that the crisis is homemade, with far-reaching consequences for both the Eurozone and the European Union as a whole. He analyzes Greece’s indebtedness, the consequences of the stabilisation program launched by the Greek government, the domestic and international reactions to this program, the coming about and the effects of the EU rescue package, the juridical framework of this package, as well as the perspectives growing out of the crisis, for Greece, its Southeast European neighboring states, the Eurozone, and the European Union.

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