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Why debt relief could save Greece but would destroy the Eurozone

van Hulten, Michiel (2015) Why debt relief could save Greece but would destroy the Eurozone. LSE European Politics and Policy (EUROPP) Blog (06 Jul 2015). Website.

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Abstract

Should Greece now be granted more favourable terms by its creditors following the ‘no’ vote in the country’s referendum? Michiel van Hulten writes that while most economists view some form of debt restructuring as necessary for Greece to recover, it would be exceptionally difficult politically to sell the principle of debt relief in other Eurozone countries. He argues that by voting ‘no’ Greece has effectively closed the door on the rest of Europe and that although the Eurozone may be able to cope with a Grexit, it could never survive an electoral revolt among its citizens.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2015 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 28 Mar 2017 11:32
Last Modified: 05 Jun 2020 23:26
URI: http://eprints.lse.ac.uk/id/eprint/71130

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