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Mismanagement of Fiscal policy: Greece's Achilles' Heel

Tulsi Jayakumar;

商品編號:9B17M142
出版日期:2017/09/14
再版日期:2017/09/14
商品來源:Ivey
商品主題:General Management/Strategy; International Business
商品類型:Case (Pub Mat)
涵蓋議題:fiscal policy;sovereign debt;bond yield;greek debt crisis;bond spreads
難易度:5 - MBA/Postgraduate
內容長度:17 頁
地域:Greece
產業:Public Administration;
事件年度:2016

In December 2016, the debt-stricken Greek government announced the distribution of a sizeable “Christmas gift” to its low-income pensioners, a one-time bonus that would cost the government €617 million. This cost was in addition to suspending increases in the value-added tax on some Greek islands. These plans were in clear violation of the terms of a bailout provided to Greece by Eurozone nations in 2015, which required Greece to implement austerity measures and achieve specific fiscal targets. What was the reason for Greece’s economic troubles and why did Greece’s debt-to-GDP (gross domestic product) ratio climb to its current three-digit figure? Faced with an imminent exit from the Eurozone, how could the country’s government solve Greece’s longstanding fiscal problems?

教學手冊:8B17M142;
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