The Risky Game of EMU Withdrawal
The Risky Game of EMU Withdrawal
Author(s): Karolina Borońska-Hryniewiecka
Subject(s): National Economy, Governance, Economic policy, International relations/trade, Economic development, Fiscal Politics / Budgeting
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Greece; parliamentary elections; leaving eurozone; European Monetary Union; Greek withdrawal from EMU; Greek debt crisis; financial restructuring;
Summary/Abstract: With the Greek parliamentary elections approaching, the possibility the country may leave the eurozone is gaining momentum. An analysis of the various legal, political and economic implications of EMU withdrawal indicates that the best option for the EU would be to solve the Greek debt crisis as it stands, with the second option being a two-tier euro arrangement for countries undergoing financial restructuring.
Series: PISM Bulletin
- Page Count: 2
- Publication Year: 2015
- Language: English
- Content File-PDF