Freeze the Grexit: Germany and the Latest Escalation of Eurozone Crisis
Freeze the Grexit: Germany and the Latest Escalation of Eurozone Crisis

Author(s): Sebastian Płóciennik
Subject(s): Supranational / Global Economy, Governance, Economic policy, International relations/trade, Economic development, EU-Accession / EU-DEvelopment
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: European Union; Greece; Germany; Grexit; possible Greek exit from the eurozone; Greek economic crisis; cost of Grexit;
Summary/Abstract: A Greek exit from the eurozone is an unfavourable scenario for Germany. It would threaten not only German debt and economic interests but also its political leadership in the European Union, which Berlin has developed in recent years. The safest option is a continuation of support for Greece: strong enough to not bankrupt it, and modest enough not to strengthen the Syriza government.

• Details
• Contents