The Greek Tragedy: Narratives and Fictional Expectations in the Greek Sovereign Debt Crisis

Jens Beckert with H. Lukas R. Arndt

Financial crises strike societies at a fundamental level but often seem like unforeseeable events. Explaining the causes and the development of financial crises is of great scientific and political importance. The project examines the Greek sovereign debt crisis after 2009 and the convergence of Greek debt before 2001 from an innovative perspective. The investigation centers around the narratives and future expectations dominating the financial markets at different times and their influence on changing risk assessments of Greek sovereign debt. Project duration: October 2017 to December 2021.