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The causes of the Greek debt problem

Atsalakis Georgios, Galariotis, Emilios, Zopounidis Konstantinos

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URIhttp://purl.tuc.gr/dl/dias/5F0C616C-76A5-4FFE-BF68-67579392BE88-
Αναγνωριστικόhttps://doi.org/10.4018/978-1-6684-7460-0.ch099-
Αναγνωριστικόhttps://www.igi-global.com/gateway/chapter/310925-
Γλώσσαen-
Μέγεθος17 pagesen
ΤίτλοςThe causes of the Greek debt problemen
ΔημιουργόςAtsalakis Georgiosen
ΔημιουργόςΑτσαλακης Γεωργιοςel
ΔημιουργόςGalariotis, Emiliosen
ΔημιουργόςZopounidis Konstantinosen
ΔημιουργόςΖοπουνιδης Κωνσταντινοςel
ΕκδότηςIGI Globalen
ΠερίληψηIn Greece, special interest groups were the main drivers of pressure to increase public spending and, by extension, to increase public debt to cover the expenditure by blocking any effort of prudent governance. They were so greedy, that when the funds of public vaults were not sufficient to meet their expectations, they exerted pressures or even extorted the state to engage in public borrowing so as to accrue even greater funds, disregarding the short- and long-term cost of such actions for the state and society. As a result, a vicious circle led to Greek public over-indebtedness in order to support public overspending. It is indicative that the Greek state's primary expenditure rate increased between 2000 and 2009 by 135%. In other words, the citizens were obliged to pay taxes that would support two states: the expenses' level the state had until 2000 and the costs of one more state after 2000-2009.en
ΤύποςΚεφάλαιο σε Βιβλίοel
ΤύποςBook Chapteren
Άδεια Χρήσηςhttp://creativecommons.org/licenses/by/4.0/en
Ημερομηνία2024-10-30-
Ημερομηνία Δημοσίευσης2022-
Θεματική ΚατηγορίαGreek debt problemen
Βιβλιογραφική ΑναφοράG. S. Atsalakis, E. Galariotis, and C. Zopounidis, “The causes of the Greek debt problem,” in Research anthology on macroeconomics and the achievement of global stability, IGI Global, 2022, pp. 1880-1896, doi: 10.4018/978-1-6684-7460-0.ch099.en
Τίτλος ΒιβλίουResearch anthology on macroeconomics and the achievement of global stabilityen
Έκδοση Βιβλίου1-
Σειρά Βιβλίουen

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