The Greek and Mexican Financial crises: The role of national and supranational actors

Abstract

This paper examines the similarities and differences between the Greek (2009-…) and the Mexican (1994-1995) crisis. Both of them had regional impacts, in Europe in the fi rst case and in South America in the second case. After the crisis, important decisions that were taken changed the way economic policy is made in both countries. Measures taken to resolve the crises involved several key players, both at the national and the supranational level. In both crises, Greece and Mexico received a number of recommendations to be applied in their economic policies. The aim of this paper is to analyze the impact and role of national and supranational key players involved in the resolution of both crises.