Grexit, Too High a Bill and Too Big a Deal

back Since the question started to become more serious (2012), two different theories have been developed on the topic. The first one, known as the domino theory, states that a possible Greek withdrawal would lead markets to wonder which country could leave the Eurozone next. The fate of the other countries would then be questioned, […]

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Grexit, Too High a Bill and Too Big a Deal

back Despite these reassurances, as Jean Pisani-Ferri wrote, it cannot be stated yet that a Greek withdrawal would not bring any damage and this is mainly due to two reasons. First of all, it would contradict the tacit assumption that participation in the Eurozone is irrevocable. This would create a precedent in European history and, […]

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