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.

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Correspondence to Theodore Pelagidis.

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Michael Mitsopoulos, SEV Hellenic Federation of Enterprises, Athens, Greece.

Theodore Pelagidis, The Brookings Institution, Washington DC, USA; and University of Piraeus, Greece.

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Mitsopoulos, M., Pelagidis, T. Give Greece a Chance. Intereconomics 50, 91–97 (2015).

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  • Euro Area
  • Interest Payment
  • Coalition Government
  • Political Uncertainty
  • Leibniz Information