Can Greece pull it off?

Author (Person)
Publisher
Series Title
Series Details 18.3.11
Publication Date 18/03/2011
Content Type

Will the Greek rescue package be enough or is restructuring inevitable? In this column, members of the European Economic Advisory Group argue that even if the sovereign debt crisis is resolved, Greece must deal with its unsustainable current-account deficit. This requires an unenviable choice between internal and external depreciation and a government strong enough to take on the country’s rife tax evasion.

VoxEU.org is a policy portal set up by the Centre for Economic Policy Research in conjunction with a consortium of national sites, including the Italian site LaVoce, the French site Telos and the Spanish site Sociedad Abierta. Vox aims to promote research-based policy analysis and commentary by leading scholars. The intended audience is economists in governments, international organisations, academia and the private sector as well as journalists specializing in economics, finance and business.

Source Link Link to Main Source http://www.voxeu.org/index.php?q=node/6242
Related Links
Spiegel Online International, 11.4.11: Greek Debt Restructuring Looks Inevitable http://www.spiegel.de/international/europe/0,1518,756182,00.html
Spiegel Online International, 22.2.11: Economists Warn Greece May Have to Quit Euro http://www.spiegel.de/international/europe/0,1518,746957,00.html
ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/
ESO: Background information: Greece readies fresh round of austerity worth €25bn http://www.europeansources.info/record/greece-readies-fresh-round-of-austerity-worth-e25bn/
Kathimerini, 6.4.11: Restructuring? It's child's play http://www.ekathimerini.com/4dcgi/_w_articles_wsite3_6980_06/04/2011_386898
Kathimerini, 6.4.11: Some EU states consider Greek debt restructuring http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_06/04/2011_386715

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