Risk that Greece may default on the loans
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How should the EU respond to the financial crisis in Greece? »How should the EU respond to the financial crisis in Greece?
EU should provide loans to support Greece through fiscal adjustment »EU should provide loans to support Greece through fiscal adjustment
Risk that Greece may default on the loans
Fiscal tightening causing significant social unrest in Greece »Fiscal tightening causing significant social unrest in Greece
Greek political-economy has been characterised by bad practices »Greek political-economy has been characterised by bad practices
Vicious circle of fiscal adjustment during recession deepens recession »Vicious circle of fiscal adjustment during recession deepens recession
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