Abandon Ship: Time to stop bailing out Greece?

Open Europe published a briefing in June 2011 looking at the arguments in favour of an orderly restructuring of Greek debt. Open Europe argued that a second Greek bail-out would only increase the cost of the inevitable Greek default to eurozone taxpayers.

ESO: Background information: Meeting of Heads of State or Government of the Euro area, Brussels, 21 July 2011: EU leaders agree €109bn Greek bail-out http://www.europeansources.info/record/meeting-of-heads-of-state-or-government-of-the-euro-area-brussels-21-july-2011-eu-leaders-agree-e109bn-greek-bail-out/

Open Europe: Press Release, 21.7.11: Second Greek bailout will see almost two-thirds of Greek debt taxpayer-owned by 2014 http://www.openeurope.org.uk/media-centre/pressrelease.aspx?pressreleaseid=169

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