The long-run implications of the IMF programs on business and economic growth: the case of the European countries

Abstract

The economic crisis that hit Europe in 2008-2009 and which was transferred from the USA, affected the economic course of Europe and highlighted the timeless problems of the European construction. This crisis was linked to the inclusion in the Economic Adjustment Programs (Memoranda) of the member states which showed the greatest debt. The implementation of these Programs in which the International Monetary Fund also participated, had an impact on the economic and business activity of the countries. These effects on the economies of Greece and other European countries, are attempted by the present work to highlight.