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.
1- What do you see as the main sources of the Greek crisis?
2- Evaluate the domestic and international response to the crisis. Did being in the Euro help or hurt?
3- How do you judge the scenarios from here? Can Greece make it?