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

Global Conference on Business and Finance, San Jose, Costa Rica, May 2012

11 Pages Posted: 25 Jul 2012

See all articles by Georgia Kontogeorga

Georgia Kontogeorga

University of Patras - Business Administration

Georgios L. Thanasas

University of Patras

Athanasios Bellas

University of Patras

Date Written: May 25, 2012

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.

Keywords: Debt, Greece, GDP

JEL Classification: H63, H39, M48

Suggested Citation

Kontogeorga, Georgia and Thanasas, Georgios L. and Bellas, Athanasios, The Greek Debt: An Analysis of the Composing Data for the Period 2004–2010 (May 25, 2012). Global Conference on Business and Finance, San Jose, Costa Rica, May 2012, Available at SSRN: https://ssrn.com/abstract=2116422

Georgia Kontogeorga

University of Patras - Business Administration ( email )

Patras
Greece

Georgios L. Thanasas (Contact Author)

University of Patras ( email )

Patras
Greece

Athanasios Bellas

University of Patras ( email )

Patra
Greece
0030 26910 996269 (Phone)

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