Analyzing Greece 2010 Memorandum’s Impact on Macroeconomic and Financial Figures through FCM

Migkos, Stavros P. and Sakas, Damianos P. and Giannakopoulos, Nikolaos T. and Konteos, Georgios and Metsiou, Anastasia (2022) Analyzing Greece 2010 Memorandum’s Impact on Macroeconomic and Financial Figures through FCM. Economies, 10 (8). p. 178. ISSN 2227-7099

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Abstract

The financial crisis of 2008 has caused a series of drawbacks to economies around the world. Greek economy has been hit twice at 2009, since its credibility worsened, provoking the implication of harsh fiscal measures from the 2010 Memorandum of Understanding (MoU). The effects of these measures to Greek macroeconomic figures have been widely criticized. Authors aim to estimate these effects at the macroeconomic figures of Greece through utilization of Decision Support Systems, and propose accurate insights regarding their efficacy. By capitalizing on regression analysis and Fuzzy Cognitive Mapping processes, specific results from 2010 Memorandum’s measures arise. It has been calculated that measures implied by 2010 Memorandum have been harsh and posed a negative effect on key Greek macroeconomic figures like GDPR, public debt, etc., especially with the ongoing 2008 financial crisis.

Item Type: Article
Subjects: Open Library Press > Multidisciplinary
Depositing User: Unnamed user with email support@openlibrarypress.com
Date Deposited: 23 Jun 2023 05:59
Last Modified: 23 Jun 2023 05:59
URI: https://openlibrarypress.com/id/eprint/1706

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