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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 … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …
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In light of the failed negotiations with Greece, Jan Krahnen argues that an effective reform agenda for Greece can only … will, in the meantime, have to offer Greece a basic level of economic security. Krahnen demands that policy makers and the …Mit Blick auf die gescheiterten Verhandlungen mit Griechenland, argumentiert Jan Krahnen im vorliegenden Policy Beitrag …
Persistent link: https://www.econbiz.de/10011290032
This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a monetary union and other assets. We firstly analyse a...
Persistent link: https://www.econbiz.de/10010533082
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of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show …
Persistent link: https://www.econbiz.de/10011481630
Persistent link: https://www.econbiz.de/10009572598
Greek’s government debt based on Greece meeting certain targets for structural economic reforms in areas such as its labor … market and pensions sector.The authors argue that the position of the European institutions that debt relief for Greece … cannot be part of an agreement is based on the illusion that Greece will be able to service its sovereign debt and reduce its …
Persistent link: https://www.econbiz.de/10011290031
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