Funk Kirkegaard, Jacob, (2015), “Germany and Greece: In Victory, Magnanimity?”, Real Time Economic Issues Watch, Peterson Institute for International Economics, 14 July
The agreement between Greece and its international creditors announced on Monday represents a predictable capitulation by the Greek government from a position advanced for weeks by Prime Minister Alexis Tsipras. Faced with the dire repercussions of an exit from euro area institutions—including a collapse of its banking system and a broader economic disaster—Tsipras accepted harsher terms than those he had asked voters to reject on July 5.
Relevant Posts
- Rossman, Peter, (2015), “Greek Theme Park ‘Dettoland’: A Modest Anti-crisis Proposal”, Social Europe Journal, 20 July
- Mody, Ashoka, (2015), ” Germany, Not Greece, Should Exit the Euro”, Bloomberg View, 17 July