5. Greek Crisis
Clientelism A major contributory factor to the problems in Argentina and Greece is the phenomenon of ‘clientelism’ – essentially, interest groups within society requesting favours from politicians as clients,...
Read MoreAuthor: Jorge Rodrigues Simão
4. Greek Crisis
Argentina: Background to the Dollar Peg In January 1991 the Chilean Lake District enjoyed perfect summer weather. Thousands of tourists, mosdy Argentinean but including a few Europeans, enjoyed the stunning views of...
Read More3. Greek Crisis
Exchange Rate Stabilisation Argentina in 1991 and Greece in 2001 effectively entered exchange rate stabilisation programmes. In the case of Greece, of course, the notion was that it was taking part in a full and permanent...
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From Argentina to Greece Keeping books on social aid is capitalistic nonsense. I just use the money for the poor. I can’t stop to count it. Eva Peron As the euro zone crisis reached a critical phase in late 2009 and...
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Introduction As the global recession began in 2008, the Greek economy featured high levels of public debt, a large trade deficit, undiversified industries, an overextended public sector, militant trade unions, widespread...
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