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The Portrayal of the Greek Economic Crisis in Czech Media
Mrňáková, Nicole ; Tsivos, Konstantinos (advisor) ; Klimeš, David (referee)
This thesis deals with the way how Czech newspaper reported about Greek debt crisis and which frames were used to illustrate Greece. In the theoretical part the history of Greece is described, since independence till the debt crisis. The historical context captures difficult times of Greek history which contributed to the spiral of dept crisis lasting from 2010 to 2018. In the following part some of the important concepts concerning agenda setting, gatekeeping and frame analysis are compared. Some of the important foreign studies concerning frame theory and even framing of the Greek debt crisis in Czech media are depicted. The methodology of the thesis is formed by a qualitative analysis of the articles from two peaks of the crisis - the first half of 2010 and the first half of 2015. In the first period the frames used by Czech media were predominantly following the German point of view and the point of view of the European creditors. Journalists only rarely reflected the real life of the Greeks which was quite different from the used stereotypes. The second period was marked by the world affairs like the immigration crisis or invasion to Ucraine and the sanctions against Russia. In many cases the framing of the crisis concentrated on the character of the Greek nation and its moral judgement as a...
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Default Risk of Greek Government During the Crisis of 2010
Veselý, Oldřich ; Dědek, Oldřich (advisor) ; Báťa, Karel (referee)
Many people have already questioned whether Greece would default: investors, economists, politicians and general public. The Greek debt crisis has also caused a great turmoil in the EU causing fears of its spreading to other countries with poor fiscal situation in Eurozone through bond markets. Finally the rescue package was prepared for Greece consisting of EUR 110 billion loan facility from both Eurozone and IMF. We study the Greek fiscal crisis in the thesis. We try to find its real causes in the historical chapter and we also show the methodology which can be used to assess the credit risk of Greek government using bond market information and CDS contracts information. In the empirical part we study the evolution of the probability of default of Greek government during the debt crisis using parsimonious model based on the bond market information.
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Media representation of the Greek debt crisis: a corpus-assisted discourse analysis of the "Guardian" online news
Pavlíčková, Tereza ; Čermáková, Anna (advisor) ; Malá, Markéta (referee)
The thesis deals with discourse surrounding the topic of the Greek debt crisis (GDC) in the online version of the British daily newspaper the Guardian (www.theguardian.com). The study builds on a bilateral division of the EU public discourse on the economic crisis, distinguishing between two opposing perspectives: "the Northern diagnosis" (DeGrauwe 2011: 5) prevailing in Germany and other creditor states, and 'the Southern opinion' on the situation held mainly by the debtor countries. The thesis examines the position of the Guardian in relation to this bilateral discourse framework. The Guardian represents a liberal, socially aware and traditionally EU-supportive newspaper that is published in a country which counts among the Europe's leading economic and political powers, a country that is also characterized by strong Eurosceptic tendencies. These aspects form a complex background with regard to the EEC/GDC discourse framework. There are factors supporting both "the Northern diagnosis" of the GDC and those suggesting inclination to 'the Southern opinion'. The analysis, dealing with a self-collected corpus (altogether 349 texts, 277 973 words) consisting of the Guardian online news on the GDC is situated - both theoretically and methodologically - in the field of Corpus- assisted discourse studies...
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Greek debt crisis: the development from joining the Eurozone until 2015
Životová, Martina ; Mejstřík, Martin (advisor) ; Svoboda, Karel (referee)
This paper deals with the development of the Greek crisis from the moment its connect to the Eurozone until 2015. This paper examines the research question Have the provided financial assistance had a positive impact on the development of the Greek economy? The question is answered through the analysis of macroeconomic indicators, with an emphasis on these indicators - gross domestic product and development of the public debt relative to GDP. These two macroeconomic indicators are examined with respect to condition in the rules of the financial assistance. Outside alone macroenomic analysis of these indicators is also focused attention on the causes of the Greek crisis, as a reflection of the still available literature, which is also rather than on the actual course of the Greek crisis focuses on the analysis of their causes. The results present legislative framework for the foundation of provided financial aid to Greece. Overall, the paper provides the reader with a comprehensive assessment of the Greek crisis from its inception to the present, ie 2015. Powered by TCPDF (www.tcpdf.org)
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Default Risk of Greek Government During the Crisis of 2010
Veselý, Oldřich ; Dědek, Oldřich (advisor) ; Báťa, Karel (referee)
Many people have already questioned whether Greece would default: investors, economists, politicians and general public. The Greek debt crisis has also caused a great turmoil in the EU causing fears of its spreading to other countries with poor fiscal situation in Eurozone through bond markets. Finally the rescue package was prepared for Greece consisting of EUR 110 billion loan facility from both Eurozone and IMF. We study the Greek fiscal crisis in the thesis. We try to find its real causes in the historical chapter and we also show the methodology which can be used to assess the credit risk of Greek government using bond market information and CDS contracts information. In the empirical part we study the evolution of the probability of default of Greek government during the debt crisis using parsimonious model based on the bond market information.
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Náklady na vstup do EMU a případ Řecka
Trimmi, Argyro ; Brůna, Karel (advisor) ; Kučera, Lukáš (referee)
The introduction of euro in 2002 was considered to be a risky "experiment. Even before its actual existence, many economists have doubted the success of the Economic Monetary Union (EMU) emphasizing the potential costs of such a bold action. The traditional Optimum Currency Area by Mundell (1961), Mc Kinnon (1963) and Kenen (1969) has pointed out the loss of the exchange-rate mechanism and the structural differences among the member states as the main sources of costs within a monetary union. Ten years after the circulation of euro, the ongoing Greek debt crisis has revealed the imperfections of the EMU. Greece has become the "black sheep" of the union, having accumulated unsustainable levels of public debt and deficits that could pose a threat for the future of the Eurozone. It is widely believed that the profligate fiscal policies of the Greek government and the domestic flaws of the Greek economy have played an importan role on the country's debt crisis. However, the impact of Greece's accession to the EMU on the current crisis is still a moot question.
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Sovereign default: Will Greece follow Argentine´s or Uruguay´s way?
Chrkavá, Barbora ; Stuchlíková, Zuzana (advisor) ; Bartušková, Hana (referee)
The aim of this thesis is to compare the current Greek debt crisis and the Argentine debt crisis, which occurred in late 90th years and at the end of 2001 culminated in a national bankruptcy. Next, I compare it with Uruguay banking crisis, which ended in the successful restructuring of debt and avoided bankruptcy in 2003. Because of their common features, comparison with Greece takes just the importance of these countries. Currently the situation in Greece is very polarized -- for debt climbing to 160 % of GDP and height of deficit -9.5 %, accompanied by stormy protests of citizens. The macroeconomic indicators such as high level of public debt and massive government spending were key in Argentina in 2001 and Uruguay in 2003, although in terms of magnitude, the consequences of the Greek crisis are much larger. This paper shows how these countries deal with the negative economic situation and how successfully or unsuccessfully restructured its debt. In conclusion, this work sums up the parallels between all of the crisis and tries to find an answer to the question of which way Greece will follow.
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Actual Financial Problems of Greece
Sýkorovská, Lucie ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
Thesis deals with the Greek debt crisis which is currently an actual problem, affecting whole European Union. Aim of the thesis is to find and analyze the connection between historical development of Greece and current debt crisis, to describe reaction of the financial markets to the present situation and to appraise the restrictive actions which are taken to solve the problem. The thesis is devided into 3 parts - economic and political development of Greece, analysis of the influence of the adjusted fiscal figures on the development of Greek government bonds and taken corrective measures both in the European Union and Greece.
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