Costas Simitis
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An ‘all-encompassing plan’ to solve the crisis in Greece?
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The chapter discusses the increasing international scepticism over the sustainability of the Greek debt during the first half of 2011, despite an agreement by the European Council to improve the repayment terms of Greece’s 110billion Euro loan. The commitments undertaken by the Greek government in the field domestic economic reform (particularly privatisations) were unrealistic. At the EU level, the launch of the Euro Plus Pact, failed to calm nerves in the financial markets.

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The European debt crisis

The Greek case

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