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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....
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Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … that others behave differently cannot be made to work by forcing everyone to behave like Germany. This fundamental …
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