Cover photo: Hellenic Parliament, Athens — photo by Efrem Efre (Pexels)
Crisis: The Most Expensive Decade in Greek History
How Greece built its own debt crisis, leading to the largest sovereign debt haircut in history.
About
May fifth, two thousand ten. Inside parliament, the largest loan any European country has ever taken gets approved. On the street, three people die inside a burning bank, protesting that very loan.
This audiobook tells how a country that hid its own numbers for years found itself, within just six years, at the center of the largest sovereign debt restructuring in world history — and how every attempt to dodge the bill only made it heavier.
Sources
- Wikipedia. "Greek government-debt crisis."
- European Stability Mechanism (ESM). "The 2012 private sector involvement in Greece" and "Turning the corner: Greece's third programme."
- ISDA. "Greek Sovereign CDS Credit Event FAQ" (9 March 2012 Determinations Committee ruling).
- BBC News. Coverage of the November 2011 Papademos government and the July 2015 referendum.
- The National Herald. "A Crime Without Punishment: The Marfin Bank Attack in Athens."
- Bloomberg. "Greece Drops Confectioners, Hairdressers from Early-Pension List."
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