Greece State Banking Institutions and Financial Supervision (a Review of Historic Origins of Contemporary Institutional Frameworks)

Abstract

In this article the author presents a different perspective on the recent economic crisis of Greece, focusing on the history, the creation and the operation of large financial institutions of the country. The financial crisis of 2009-2015 and after is analyses as a phenomenon that affects and was rooted in the administrative dysfunction of Greece’ public governance. The article makes an attempt to collect and examine evidence of the influence of interest groups, an influence that inflated and contributed to the emergence of the foreign debt and banking crises via the means of manipulating the state, economic institutions and policy implementation.