Macroeconomic Monitor

2015.01.29

How a Greek bankruptcy could still lead to the collapse of the EU

Frank Hollenbeck Greece is back in the headlines. This should come as no surprise to anyone. It would be naive to think that the Greeks would accept to remain in debt forever. Despite all the rumors that Greece will be forced to leave the eurozone, there is actually no such mechanism through which the member states of the European Union (EU) …

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