Journal Article
Never Catching-up: The roots of the Greek Tragedy (original publication German only)
Wirtschaftsdienst, 90 (8)
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Europe
Economic & Financial Crises
European Union & Euro
The EU saved Greece from bankruptcy because it deemed Greece’s problems had been caused by the global economic and financial crisis and would thus be of a temporary nature. The authors prove in their contribution that Greece has been living beyond its means for a long time. They also make suggestions as to how Greece can solve its problems on its own.