Costas Simitis
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Implementing the Memorandum
An obstacle race
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The chapter reviews the record of economic reform implemented in Greece during 2010. It is argued that confidence in the Greek economy began to erode further as a result of the government’s inconsistencies, but also due to the fact that many of the fundamental assumptions of the Memorandum proved erroneous. These uncertainties fuelled speculation about a possible restructuring of Greece’s debt.

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The European debt crisis

The Greek case


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