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The Euro-Exit Taboo

Dadush, Uri,  (2012), ‘The Euro-Exit Taboo’, nationalinterest.org, 1 Μαίου.

Stay or leave? Should Greece persist with its extreme austerity plan, or should it abandon the euro? What about Portugal? Spain? In mainstream political discourse, posing the question of euro exit is taboo. When Prime Minister Papandreou of Greece, an ardent European, unexpectedly proposed a national referendum on the matter (one he expected adherents to the euro to win) he was immediately sanctioned by his EU counterparts and threatened with a cutoff of all aid to Greece. He was soon after replaced as leader by his own coalition government.