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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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Provisional solutions, October–June 2013

Provisional solutions, October–June 2013

Chapter:
(p.274) 28 Provisional solutions, October–June 2013
Source:
The European debt crisis
Author(s):

Costas Simitis

Publisher:
Manchester University Press
DOI:10.7228/manchester/9780719095795.003.0028

The chapter discusses the attempts of the Greek government to improve the country's profile amongst its partners as speculation grew that Greece's might be pushed out of the Eurozone as a means of restoring confidence in the Euro and applying pressure on Spain and Italy to pursue further reforms. Owing to a number of concessions by the Greek government in the Eurogroup meeting of October 2012, the climate towards Greece began to change for the better. Yet disagreements between the EU and the IMF over the sustainability of the Greek debt, raised fears that the latter may opt out of the Greek programme. These differences were resolved in a compromise stuck at the Eurogroup meeting of November 2012, which allowed for the partial restoration of confidence in the Greek economy.

Keywords:   Eurozone, Greece, IMF, Germany, Debt, Eurogroup, EFSF

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