The Real Reasons Why the Germans are Wrong About Greece
8 Pages Posted: 6 Aug 2015 Last revised: 12 Sep 2015
Date Written: August 6, 2015
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: Suggested Citation