Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis
12 Pages Posted: 4 Sep 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted.
Keywords: IMF, Germany, Greece, Euro, Europe, Monetary Union
JEL Classification: E12, E62, F15, F16, F33, F55, H12, H50, H63, O42,
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