The Greek Crisis: Tragedy or Opportunity?

Posted: 13 Mar 2012

See all articles by Dante Roscini

Dante Roscini

affiliation not provided to SSRN

Jonathan Schlefer

Harvard University - Business School (HBS)

Konstantinos Dimitriou

Harvard University - Business School (HBS)

Date Written: September 16, 2011

Abstract

After its 2009-2010 fiscal crisis shook the euro, could the Greek government stabilize debt, avoid default, and stay on the euro? This case looks at the Greek social and political road to fiscal crisis; the economics of that crisis and efforts to recover from it; the danger the crisis posed to the euro; cooperation and conflict among European states, the European Central Bank, and the International Monetary Fund to try to help Greece emerge from crisis; and the role financial markets played in these events.

Learning Objective: To teach about political and economic sources of fiscal crisis; currency union efforts to manage fiscal policy; International Monetary Fund strategies to handle crisis in developed nations; interactions between fiscal crisis and financial markets.

Suggested Citation

Roscini, Dante and Schlefer, Jonathan and Dimitriou, Konstantinos, The Greek Crisis: Tragedy or Opportunity? (September 16, 2011). Harvard Business School BGIE Unit Case No. 711-088, Available at SSRN: https://ssrn.com/abstract=2020478

Dante Roscini (Contact Author)

affiliation not provided to SSRN ( email )

Jonathan Schlefer

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Konstantinos Dimitriou

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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