The Alpha and Omega of the Greek Debt Crisis

By

Christopher Kinley

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A map of the European Union (green) with Greece highlighted.

Greece and European Union

A map of the European Union (green) with Greece highlighted (dark green).

A graph of the number of employed, unemployed, inactive, and the unemployment rate.

Employment and Unemployment in Greece

A graph of the number of employed, unemployed, inactive, and the unemployment rate from 2004 to 2014.

Greek public revenue vs. expenditures.

National Finances of Greece

Greek public revenue vs. expenditures from 2002 to 2012.

Long-term interest rates for all Eurozone countries except the three Baltic states.

Long Term Interest Rates

Long-term interest rates for all Eurozone countries except the three Baltic states, which joined after the start of the debt crisis.

Greece and the Eurozone’s average debt history.

Greek and Eurozone Debt

Greece and the Eurozone’s average debt history since 1977.

A map depicting Greece’s territorial gains and losses.

Greek Territorial Gains

A map depicting Greece’s territorial gains and losses from 1832 to 1947.

A map of the territorial changes from the Treaty of Bucharest.

Treaty of Bucharest Map

A map of the territorial changes from the Treaty of Bucharest in 1913.

A map of Greater Greece after the Treaty of Sévres.

Map of Greater Greece

A map of Greater Greece after the Treaty of Sévres in 1920 in which the Ottoman Empire was partitioned.

A graph depicting GDP growth in Greece.

GDP Growth of Greece

A graph depicting GDP growth in Greece from 1961 to 2010.

A chart showing the impact of austerity measures on the unemployment rate.

Impact of Austerity on Unemployment

A chart showing the impact of austerity measures on the unemployment rate from 2008 to 2012.

A graph depicting account balances and imbalances of European countries.

Account Balances

A graph depicting account balances and imbalances of European countries from 1997 to 2014.

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Cite this Site

Christopher Kinley , "The Alpha and Omega of the Greek Debt Crisis" , Origins: Current Events in Historical Perspective

August, 2018

https://origins.osu.edu/article/alpha-and-omega-greek-debt-crisis-IMF-Eurozone-EU-Grexit.