Sovereign Debt: Past, Present, and Future Risks. Session #2: The Greek debt crisis 2010-18

The Greek Debt Crisis 2010-18: Successes, Mistakes and Policy Lessons
Between 2010 and 2015, Greece experienced the worst recession in postwar European history and came twice close to a sovereign debt default and a disorderly exit from the eurozone. Three bailout programs - led by the European Commission, the European Central Bank, and the International Monetary Fund - and two debt restructurings later, Greece finally turned the corner, regained market access, and laid the foundations for a sustained economic recovery. Where did it all go wrong? What might have been done differently? What worked in the end? And what lessons can be learned for the design of future bailout programs? Join George Papaconstantinou (former Greek minister of finance 2009-11 and minister of environment, energy, and climate change 2011-12), George Chouliarakis (former chair of the Council of Economic Advisers 2015-19, interim minister of finance and alternate minister of finance 2015-19) and Megan Greene (former market participant, euro crisis expert) for an in-depth look at the Greek debt crisis and what lessons can be drawn from it.