The Greek Austerity Myth

Abstract:

Since Syriza’s victory in Greece’s recent general election, some fear a return to the uncertainty of 2012, when many thought that a Greek default and exit from the eurozone were imminent and that a Greek debt crisis could destabilise – and perhaps even bring down – Europe’s monetary union.

CEPS Director Daniel Gros explains in this CEPS Commentary how this time really is different.

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