The Greek Debt: An Analysis of the Composing Data for the Period 2004–2010

Abstract:     
The financial crisis in Greece and other countries has resulted in an increasing concern over public debt and its viability throughout the world. The debt crisis in the Eurozone is still unfolding, as other European countries after Greece (such as Ireland) seek financial support from the rescue mechanism set by the EU/IMF and is gradually expanding in Portugal, Spain etc., thus increasing the concern for a potential domino effect in the Eurozone. The present study focuses on the diachronic change of the public debt of Greece during the 2004- 2010 period, while it also attempts an analysis of the accounts that compose it, in an effort to detect the factors that led to its expansion in the last years. Furthermore, the study analyses the accounts that compose the Greek debt and their potential correlation in a percentage scale and over time.

Number of Pages in PDF File: 11

Keywords: Debt, Greece, GDP

JEL Classification: H63, H39, M48

Accepted Paper Series