The political economy of the Greek debt crisis: a tale of two bailouts
Ardagna, Silvia; and Caselli, Francesco
(2012)
The political economy of the Greek debt crisis: a tale of two bailouts.
Technical Report.
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that the second bailout was not on the Pareto frontier and sketch political-economy arguments for why this may be so.
| Item Type | Report (Technical Report) |
|---|---|
| Keywords | debt crisis,Greece,political economics |
| Departments |
Economics Centre for Economic Performance |
| Date Deposited | 23 Nov 2012 14:14 |
| URI | https://researchonline.lse.ac.uk/id/eprint/47523 |
ORCID: https://orcid.org/0009-0001-5191-7156