Give Greece a Chance
The current complicated economic situation in Greece — and the rising political uncertainty that once again accompanies it — has important repercussions for growth, incomes, employment and the banking system in both the short and long term. The new Greek government is trying to perform a balancing act that will on the one hand satisfy its electorate and the more extreme fractions within the Syriza party and on the other hand offer a number of key concessions to the country’s European partners. It is thus imperative to carefully select which concessions the EU should make towards the new government.
KeywordsEuro Area Interest Payment Coalition Government Political Uncertainty Leibniz Information
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