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The implications of a Greek default for the euro. CEPS Commentaries, 10 May 2010

Gros, Daniel. (2010) The implications of a Greek default for the euro. CEPS Commentaries, 10 May 2010. [Policy Paper]

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    Abstract

    In his latest Commentary, Daniel Gros raises the fundamental question of what would happen if the proposed €45 billion aid package can't bring the Greek tragedy to a happy ending. While acknowledging that the Greek economy would collapse, he finds that the impact on the rest of the single currency zone should be minor and that the institutions of the euro area would probably be strengthened as a result of increase intolerance towards deficit violations and reduced inaccurate reporting.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Countries > Greece
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Aug 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14506

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