Summary of How to Handle the Crisis in Greece?

Empirical Evidence Based on a Survey of Economics Experts

CESifo Group Munich ,

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How to Handle the Crisis in Greece? summary
Experts disagree about how best to manage the crisis in Greece.

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Greece’s economic travails have raised the question of whether it should leave the euro zone. Opinions on the merits of a departure vary, at times widely. Economic researchers Niklas Potrafke and Markus Reischmann conducted a survey of experts around the world to see if any consensus exists on what Greece should do. Written for the most part in plain English, this relevant and accessible report provides ample food for thought. getAbstract recommends it to investors, executives and policy makers.

In this summary, you will learn

  • What the crisis in Greece entails
  • What options the country has
  • How expert opinions vary on the merits of a “Grexit”
  • How continued International Monetary Fund involvement in Greek economic reform is the preferred option among experts
 

Summary

Whether Greece should leave the euro zone is highly controversial. The country’s economic crisis stems largely from a lack of competitiveness relative to other members. A “Grexit” is but one of four possible options facing Greece. Alternatively, the European Union could continuation of its financial...
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About the Authors

Niklas Potrafke and Markus Reischmann work at the Ifo Institute-Leibniz Institute for Economic Research at the University of Munich.


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