The Real Reasons Why the Germans are Wrong About Greece

8 Pages Posted: 6 Aug 2015 Last revised: 12 Sep 2015

See all articles by Frank Emmert

Frank Emmert

Indiana University Robert H. McKinney School of Law

Date Written: August 6, 2015

Abstract

The paper supports the 2015 bailout for Greece in the amount of some 86 billion Euro but it also argues that all international lenders should take a haircut of some 33% to bring Greek debt to a more sustainable level and that the focus for the future should be more on rebuilding the Greek economy and less on austerity.

Keywords: Greek financial crisis, bailout, haircut

JEL Classification: E50, E58, E60, E62, F33, F34, H60

Suggested Citation

Emmert, Frank, The Real Reasons Why the Germans are Wrong About Greece (August 6, 2015). Indiana University Robert H. McKinney School of Law Research Paper No. 2015-36, Available at SSRN: https://ssrn.com/abstract=2640466 or http://dx.doi.org/10.2139/ssrn.2640466

Frank Emmert (Contact Author)

Indiana University Robert H. McKinney School of Law ( email )

Inlow Hall IN 335
530 West New York Street
Indianapolis, IN 46202
United States

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