Article ID Journal Published Year Pages File Type
982719 Procedia Economics and Finance 2014 8 Pages PDF
Abstract

In this paper we consider whether the potential of Greece's exit (GrExit) from the Eurozone has an impact on Greece's economic adjustment program and vice versa. In particular, we ask the question whether the “GrExit” d iscussion is leading into a Catch-22 situation: Greece is expected to default if it does not follow through with the economic adjustment program, when, at the same time, the economic adjustment program appears to be an unsustainab le strategy for revers ing the Greek economic downfall.Our find ings are based on analyzing the literature regard ing (a) the possibility and consequences of a Greek exit from the Eurozone, (b) the viab ility of the Greek economy given the adjustment program, and (c) the magnitude of the discussion regarding Greece's troubled economy before and during the crisis period.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics