Monday, March 22, 2010

A Greek Endgame?

The crisis that started in Greece has given birth to a new crisis of the eurozone as a whole. There is no doubt that the major responsibility rests with the Greek authorities who mismanaged their economy and then deceived everyone about the true nature of their budgetary problems. The financial markets and the eurozone authorities, however, also bear part of the responsibility for letting the crisis degenerate into a systemic crisis of the eurozone....

© 2010 Centre for European Policy Studies (CEPS)


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