WHY DID EU’S BAILOUT TO GREECE FAIL? IN COMPARISON WITH EU’S BAILOUT TO PORTUGAL
DOI:
https://doi.org/10.31501/ealr.v7i2.7296Abstract
This paper discusses the sovereign debt crisis that has hit the EU in recent years. The main question is why the EU’s bailout to Greece fail. In order to analyze this we compare it to the EU’s bailout to Portugal. We find that both economic variables and government capacity are at the heart of this failure.
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