The second Greek rescue programme was not merely late, but also insufficient, making a third programme inevitable.

Schelkle, Waltraud ORCID: 0000-0003-4127-107X (2013) The second Greek rescue programme was not merely late, but also insufficient, making a third programme inevitable. LSE European Politics and Policy (EUROPP) Blog (12 Jun 2013). Website.

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Abstract

Last week the IMF published a review of the financial assistance given to Greece during its debt crisis. One of the key limitations identified in the report was that debt relief for the country was provided far later than it should have been. Waltraud Schelkle writes on the fallout from the report, which generated angry responses from both the European Commission and the European Central Bank. She argues that while the second Greek rescue programme was undoubtedly late, it was also insufficient: amounting to a write-down of only around 33 per cent of Greece’s debt-to-GDP ratio. As a result Greece is likely to need a third rescue programme.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2013 The Author(s)
Divisions:	LSE
Subjects:	H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe)
Date Deposited:	05 Apr 2017 12:41
Last Modified:	13 Sep 2024 18:45
URI:	http://eprints.lse.ac.uk/id/eprint/72601

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