May 2012
World Politics Review (19446284);Special Report: Europe, Ever on th, p18
The article discusses the possibility of a Greek exit from the eurozone which has become a focus of the European Union debt crisis. Greece is currently facing a political impasse due to the success of parties opposed to the austerity measures that the country must enact to receive European Union (EU) bailout payments. According to economist Domenico Lombardi, a Greek withdrawal from the eurozone would cause a systemic meltdown.


Related Articles

  • Where Did All the Spartans Go? Imonti, Felix // Diplomatic Courier;Jul/Aug2012, Vol. 6 Issue 4, p56 

    The article focuses on the approaches of political leaders and Greek people to the adoption of the austerity programs being imposed by the members of the European Union (EU). It states that the New Democracy Party led by Antonis Samaras promised to keep Greece in the Eurozone and to talk...

  • European Debt Still Commands Center Stage. Platt, Gordon // Global Finance;Apr2012, Vol. 26 Issue 4, p85 

    The article reports on the persistent European debt crisis in 2012. It notes the challenges that must be resolved to overcome the crisis such as the uncertain Greek bond swap, the potential resistance of Spain toward the European Union over its deficit rule, and the possibility of Portugal to...

  • Lessons from mother nature: cutting off Greece will not help. MacKenzie, Debora // New Scientist;5/26/2012, Vol. 214 Issue 2866, p8 

    In this article the author explores why Greece's exit from the eurozone, called Grexit, will not prevent the remaining European countries from economic collapse. Topics include an overview of the theory behind Grexit, in which Greece would reinstate its old currency, the drachma, to attract...

  • Latest Rescue Plan Fails To Lift Markets.  // WWD: Women's Wear Daily;6/12/2012, Vol. 203 Issue 120, p1 

    The article discusses the economic conditions and recovery efforts of European Union countries as of June 12, 2012. It explains that despite the infusion of a large stimulus bailout package to Spanish banks, European stock markets continued to decline. Details concerning economic difficulties...

  • Europe After the Crisis. Moravcsik, Andrew // Foreign Affairs;May/Jun2012, Vol. 91 Issue 3, p54 

    The article focuses on the creation of the eurozone and presents recommendations on how the European Union can overcome the ongoing sovereign debt crisis. From 2009-2012 eurozone members have managed short-term symptoms of the economic crisis. The 1992 Maastricht Treaty was negotiated primarily...

  • Four Kinds of Dreadful. O'Sullivan, John // National Review;6/11/2012, Vol. 64 Issue 11, p30 

    The article discusses Greece's debt crisis and four possible outcomes to it. A Greek default and exit from the euro would impose large costs on its public and private sectors, the author says. Other options include a Greek default while remaining in the euro, a Greek exit accompanied by promises...

  • EU MUST RESTRUCTURE DEBT TO SOLVE THE EUROZONE CRISIS. RYAN, JOHN // World Politics Review (19446284);Special Report: Europe, Ever on th, p29 

    The article discusses the need for the European Union (EU) to restructure debt to solve the Eurozone crisis. It is suggested that imposing austerity on Ireland, Portugal, and Greece cannot solve the eurozone's problems. The article also cites the possibility of restructuring that allows...

  • The Euro: A Chartalist Critique. Lucarelli, Bill // International Journal of Political Economy;2015, Vol. 44 Issue 1, p18 

    The aim of this article is to develop a Chartalist critique of the prevailing economic theories that have informed the original design of the Eurosystem. In order to understand the structural dynamics of the current crisis, it is necessary to examine the longstanding internal contradictions that...

  • Angela Merkel's mania for austerity is destroying Europe. Hasan, Mehdi // New Statesman;6/25/2012, Vol. 141 Issue 5111, p22 

    The article looks at German Chancellor Angela Merkel. The author argues that her policy of demanding austerity in European countries with sovereign debt problems, including Greece, is putting the European and hence also the world economies at risk of entering a serious economic depression. He...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics