Tag: grexit
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A withdrawal from the Eurozone: Some Simulation Studies
Abstract A withdrawal of a member state from the EMU due to market pressure has been a rather popular topic in the public debate in recent years. However, the effects of a withdrawal have been analysed quantitatively surprisingly little. Discussions have been concentrated on the crisis countries, but as the Finnish economic difficulties have deepened…
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The future of the euro — what happens if a Member State leaves?
The future of the euro — what happens if a Member State leaves? Abstract The continued viability of the Eurozone as a single currency area is challenged from time to time. Some doubt the ability of Italy and other Member States to remain in the zone, given their difficulties in complying with the applicable budgetary…
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Can we unscramble the euro mess? Can we afford not to?
The greek mess shows how debased the whole Euro project has become. Its time to think the previously unthinkable and consider how to unscramble the eggs. Its time to think about how to back out from the Euro.
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Ordolemmingism the new European way.
As I write, on Thursday afternoon, disarray reigns in the Eurozone… again. Astonishingly, it seems that this time it is semantics, whether to call what the Greeks are willing to accept a bridging loan or an extension of the bailout, that has caused the breach. And the fault lies squarely and firmly with the Germans.…
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The real problem country in Europe….
This is an extended version of an opinion piece published in the Irish Examiner Saturday 25 May 2012 So another European summit concludes inconclusively, with the poor ole can again booted down the road, hopefully avoiding the fork that said road will take when, as seems probable, Greece departs the euro. To be fair, while…