Can expert knowledge prevent the Grexit? Expertise and the Greek Debt Crisis

Seminar paper from the year 2015 in the subject Politics - International Politics - Topic: European Union, grade: 1,3, Technical University of Darmstadt (FB 02 / Institut für Politikwissenschaft), course: Policy II: Role of Expertise, language: English, abstract: The debt crisis in Greece is not new. Even before the Euro-Zone was installed by currency, Greece did not fulfill the restrictions, yet preparing to host the Olympic Games 2004, the Euro was a kind of necessity for a smooth proceeding. The Euro seemed to be a foundation for cooperation and prosperity.Looking at the debt crisis talks in 2015, one can hardly see cooperation at work, advices from all kinds of sources seem to pop out of nowhere into Media, and even Varoufakis that one could consider an expert, an economist serving as Financial Minister, resigns despite a ballot victory. So the questions remain: What advice to give? What road to take? What expertise to trust or to follow? Whom rather not listen to?The following work was inspired by the Seminar on Policy expertise. The question was, what expertise could do and what not. In the following work, I answer this question by analyzing areas of expertise and reflecting on what could be achieved by expertise or not.