Publication
27 Apr 2010
The Greek government has now hit the panic button and activated the IMF/eurozone rescue plan. However, it is not clear that this bailout (whose implementation still requires approval by the German parliament) will work. Financial markets remain unconvinced as evidenced by the risk premia for Greek debt which remain extremely elevated. The experience of Argentina also shows that even repeated IMF programs cannot always stave off failure.
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English (PDF, 2 pages, 137 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2010 Centre for European Policy Studies (CEPS) |