- Title Pages
- The main Greek political parties
- 1 Was Greece ready for the euro?<sup>1</sup>
- 2 New Democracy’s criminal indifference
- 3 PASOK’s opportunistic optimism
- 4 Being in denial
- 5 Ineffective solutions
- 6 The bitter truth
- 7 The first Memorandum: a medicine with dangerous side-effects
- 8 The crisis spreads to the Union
- 9 Implementing the Memorandum: an obstacle race
- 10 An ‘all-encompassing plan’ to solve the crisis in the Eurozone?
- 11 An ‘all-encompassing plan’ to solve the crisis in Greece?
- 12 A year of the Memorandum: seeking a new solution
- 13 Debt restructuring: the decisions of 21 July 2011
- 14 A dead end
- 15 More hitches
- 16 The new solution
- 17 Political games with unpredictable consequences
- 18 A flicker of hope
- 19 Conflicts at the highest European level
- 20 The new agreement with the Eurozone (the second Memorandum) and private sector involvement
- 21 An evaluation of the Memoranda
- 22 Austerity and growth: implementing the second Memorandum
- 23 The crisis peaks
- 24 The election of 6 May: euro or drachma?
- 25 Cracks in the euro
- 26 The Union at a dead end: change of course on 29 June
- 27 The election of 17 June: a new beginning?
- 28 Provisional solutions, October–June 2013
- 29 Evaluations of the assistance programme to Greece
- 30 Cyprus
- 31 The causes of the crisis were not only economic
- 32 A new European policy is necessary
- Appendix Key meetings and decisions of the institutions of the European Union relating to the financial crisis
- Trajectory of the Greek financial crisis
A dead end
A dead end
- (p.129) 14 A dead end
- The European debt crisis
- Manchester University Press
The chapter discusses the difficulties in the implementation of the ‘July agreement’ and the spreading of the crisis to Italy and Spain. Central to these discussions was the extent of the losses inflicted on private investors holding Greek debt. In Greece the government's negotiations with the Troika stalled, as the opposition calls for the re-negotiation of the Memorandum intensified. The Greek government's position on the PSI appeared contradictory.
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