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The European debt crisisThe Greek case$
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Costas Simitis

Print publication date: 2014

Print ISBN-13: 9780719095795

Published to Manchester Scholarship Online: September 2014

DOI: 10.7228/manchester/9780719095795.001.0001

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A dead end

A dead end

(p.129) 14 A dead end
The European debt crisis

Costas Simitis

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.

Keywords:   Eurozone, Greece, Debt restructuring, PSI, EFSF, Italy, Spain

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