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The redenomination risk of eurozone exit for Greece / Costas Lapavitsas

Lapavitsas, Costas, 1961-

IFO DICE Report . ISSN2511-7823 . Munich : IFO Institut, Vol. 16, no 3 (2018) , p. 31-34

The prospect of currency redenomination emerged in the course of the Eurozone crisis and the most likely candidate was Greece as it confronted the prospect of exit in the midst of a tremendous depression in 2010-2013. A form of stability has since returned to the Greek economy, but growth has been practically non-existent and there is no realistic prospect of rapid acceleration. The option of exit also emerged at the margins of policy debate for other peripheral countries. Despite the recent recovery of the Eurozone, the longer-term viability of the common currency remains highly uncertain, and the prospect of exit for both peripheral and core countries has to be calmly analysed... [Da introd.]

política monetária; crise monetária; zona euro; retirada da UE; Grécia

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