Ein differenzierter Blick auf einen Euro-Austritt Griechenlands

Publication Type
Journal contribution
Authors
Xouridas, Stergios
Year of publication
2012
Published in
Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik
Editor
ZBW Leibnitz-Informationszentrum Wirtschaft
DOI
10.1007/s10273-012-1392-1
Page (from - to)
378-383
Abstract

Since the large current account defi cit in Greece has become a source of concern regarding its sustainability, an increasing number of
economists advocate the reintroduction of a devalued Greek drachma in order to improve the competitiveness of the Greek economy and help
boost exports. This paper offers a contrasting perspective and puts the positive aspects of the reintroduction of the drachma in the context of legal
and economic repercussions following the devaluation. The paper concludes that it is advisable for Greece to stay within the eurozone and counterbalance
the ongoing austerity measures with investments to increase the competitiveness of its economy.

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