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Kostas A. Lavdas, Spyridon N.

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My profile My library Metrics Alerts. Indeed, the Eurozone crisis started with a public debt crisis in Greece. He o side s th ee possi le other options, whereby Greece could have avoided or postponed paying its debtors by invoking: i a state of e essit ; ii the odious atu e of at least part of the debt and iii debt restructuring.

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This is a general rule, subject to the particular contractual terms agreed between the contracting parties. With regard to the second option, Skiadas bases his argument on the itize s ight to know about the financial operations of the state and to demand corrective action if dee ed e essa p.

Lastly, with regard to the third option, he believes that i Ma this as a alid optio , depe di g o the egotiati g apa it of the G eek autho ities p. In conclusion chapter 6 , the authors are pessimistic about the prospects of the public debt crisis in Greece and the process of European integration more generally. Similarly, thei e o e datio that G ee e ould eed to p i atize and liberalize deep a d fast p.

Overall, this is an informative, passionate account of the Greek crisis in its European setting.

European Financial and Accounting Journal

Students of European politics will find a lot of interesting material in this scholarly book, even if they do not necessarily agree with all the arguments put forward by the authors. Related Papers. By Spyridon Litsas.


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