Costas Simitis
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Evaluations of the assistance programme to Greece
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The chapter reviews the two most comprehensive assessments of the Greek bailout programmes today. The first one, published by the Bruegel group maintains that the programmes suffered by inconsistencies at the European level and inadequate implementation by the Greek authorities. It is also argued that policy mix should have paid greater attention to the side-effects of excessive austerity and the issue of debt sustainability. The IMF report also acknowledges problems with the policy mix and the underlying assumptions that underpinned it.

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The European debt crisis

The Greek case


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