The impact of the global economic crisis in the economic governance in the EU
Abstract
The course of the Greek economy in the past few years has been at the epicentre of international debate, as part of the fallout from the global financial crisis. The Greek economy's present position within the global economy is the result of a series of economic policy choices made by the Greek government, as well as various economic developments that distorted the growth of the global economy, culminating in the outbreak of the global financial crisis in August 2007. This collaborative effort highlights the factors and economic policies that made it necessary for Greece to resort to the Tripartite Support Mechanism and remain under its supervision until 2015. The evolution of Greek political economy, from Greece's accession to the Economic and Monetary Union until 2015, is thoroughly analyzed and recorded.