Rick Steves' Greece: Athens & the Peloponnese amazon.com
Bust: Greece, the Euro and the Sovereign Debt Crisis - By Matthew Lynn amazon.com
Greece's 'Odious' Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community - By Jason Manolopoulos amazon.com
Understanding the Crisis in Greece: From Boom to Bust - By Theodore Pelagidis amazon.com
The Imminent Crisis: Greek Debt and the Collapse of the European Monetary Union amazon.com
Eyewitness Greece - Athens and the Mainland - 352 Pages
Financial markets and economic growth in Greece, 1986-1999 [An article from: Journal of International Financial Markets, Institutions & Money]
Athens Demographics:
The population count for Athens was 10,964,020 in 2001. According to eurostat, in 2008 Greece had a total estimated population of 11,262,000. Of this, some 695,979 are estimated to be non-Greek.
November 26, 2010
Comparison: The Irish and Greek financial meltdowns
The Christian Science Monitor article by Stefan Karlsson on the the differences between the two situations. The points are interesting, but at the same time involve defining the term "mismanagement" in ways that hardly seem to cover the actions involved. Isn't the promulgation of the "property bubble" a rather dramatic form of mismanagement? If so, the blame lays heavily upon countless banks throughout the world. The Greek faking of data hardly requires any effort to declare as 'mismanagement,' (probably 'criminal' is more appropriate), but it seems to pale in significance to the rush of many banks (like the Irish banks) to force math to yield impossible results.
" Both involve euro area countries with large deficits who initially saw interest rates rise because of the large deficits, but then the increase in yields got a life of its own and became self-reinforcing. The increase in interest rates was itself seen as a reason to drive yields up further (as the perceived risk of default increased), something which in turn drove up yields yet further and so on.
Yet there are some differences:
One is that while the Greek crisis involves long time fiscal mismanagement with systematically too large deficits even during the boom, the Irish crisis is instead a case of a burst property bubble that has created big problems in the banking system."
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