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Erschienen in:
2016 | OriginalPaper | Buchkapitel
30. Greece in Crisis: The Haze, Mirage and Survival
verfasst von : Nabil Abu el Ata, Rudolf Schmandt
Erschienen in: The Tyranny of Uncertainty
Verlag: Springer Berlin Heidelberg
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Abstract
The underlying factors of the Greek crisis that started more than 10 years ago and continue to haunt the country today can be summarized in one word as risk. The European Union is mainly political and the Eurozone is financial. No economic coordination or oversight has been put in place. Because there is no oversight, there is no transparency in the interrelations internal or external to the community. For this reason, a considerable amount of dynamic complexity was built in from the start. Using our causal deconstruction theory to understand the risk and its roots, we were able to conclude that the Greek crisis is different from the 2008 economic crisis. In the case of Greece, it is the role of external influencers within the system rather than the dynamic complexity of 2008 that provoked the crisis and created the surprise.