This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

"On the 25th January 2015, the Greek people voted in an election of historic importance--not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda challenged. Suddenly it seems as if there is an alternative. But what? The...