Gros, Daniel, (2015), “Grexit 2015: A primer”, CEPS Commentaries, 23 January.
In the run-up to the Greek elections on January 25th and the subsequent renegotiation of the country’s economic adjustment programme with the troika, Daniel Gros writes in this Commentary that “nobody officially wants Grexit”: not Syriza, which wants Greece to stay in the euro. It is ‘only’ asking for a reduction in Greece’s official debt and an end to austerity. The German government also does not favour Grexit because European unification remains the central project for German policy-makers across all mainstream parties. Only some protest parties and vocal economists think Greece (and Germany) would better off with a new Drachma.
Relevant Posts
- Darvas, Z. & Hüttl, P. (2015) “Why a Grexit is more costly for Germany than a default inside the euro area – Contrary to the IFO institute, we conclude that German losses on both official and private claims would be much higher if Greece exits the euro“, Bruegel Institute, 16 January.
- Χαλιάσος, Μιχάλης (2015) “Το Grexit έχει λιγότερους κινδύνους για την Ευρωζώνη“, Εφημερίδα Καθημερινή, 11 January.
- Wolff, Β. G. (2015) “Why Grexit would not help Greece – debunking the myth of exports“, Bruegel Institute, 06 January.