The model presented in this paper shows that the outcome of a leveraged buyback of sovereign debt depends on the … is shown in the empirical section. Those results do not depend on the share of country's wealth devoted to debt repayment …

course that brought Greece into today's critical situation shall be traced. This will also provide a brief historical review … as to why Greece, a small peripheral member of the Union, has proven to be the weakest link of EMU and how it arrived at … partly an inevitable consequence of the incomplete European economic governance (II). Specifically, although Greece may …