The Odyssey continues. Why has Foreign Direct Investment in Greece not increased despite the structural reform programme of the country?

Language: English

Published by GRIN Verlag, GRIN Verlag, 2017

3668509522 / 9783668509528

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Druck auf Anfrage Neuware - Printed after ordering - Seminar paper from the year 2017 in the subject Economics - International Economic Relations, grade: 16/20 ('sehr gut'), College of Europe, language: English, abstract: After having experienced an economic boom at the beginning of the 2000s subsequent to the admission to the Eurozone, which had been however mainly driven by low interests on financial loans to the private and the public sector, Greece became de facto insolvent in 2010. In the aftermath of a global financial, banking and economic crisis, the country's public finances became problematic to an extent at which private investors were only willing to lend money to Greece at interest rates which it could no longer afford to pay.An official bankruptcy could only be prevented by a financial rescue programme granted by the other Eurozone members and the International Monetary Fund in May 2010, giving bilateral credits summing up to 110 billion Euros in order to service existing debt.The bailout programmes were granted on the condition of a 'cash for reform approach'. One objective of this approach was to create economic growth and new jobs in the country afflicted by high unemployment rates for decades. Many economists however stated that Greece could only sustainably overcome its economic and public debt crisis if the country was to become more attractive for Foreign Direct Investment (FDI).…

Seller Inventory # 9783668509528

Title
The Odyssey continues. Why has Foreign Direct Investment in Greece not increased despite the structural reform programme of the country?
Author
Benedikt Weingärtner
Publisher
GRIN Verlag, GRIN Verlag
Publication year
2017
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3668509522
ISBN 13
9783668509528
Item weight
45 grams
Dimensions
210x148x2 mm

AHA-BUCH GmbH

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