Wyplosz, Charles, (2015), “Greece should prepare for Grexit and then not do it”, Voxeu, 20 July
There is a high likelihood that Grexit will be back on the table. This column argues that Greece can strengthen its negotiating position if it is prepared for exit. Grexit remains a disastrous choice, but it has become the default option for Greece and its creditors. However, preparing for Grexit does not mean leaving the Eurozone. A credible threat point may deliver a better outcome. The purpose of the exercise should be to make Grexit a plausible solution, then not to do it.
Relevant Posts
- Koulovatianos, Christos, Tsoukalas, John, (2015), “Why debt sustains corruption in Greece and vice versa”, Voxeu, 20 July
- Rossman, Peter, (2015), “Greek Theme Park ‘Dettoland’: A Modest Anti-crisis Proposal”, Social Europe Journal, 20 July