Darvas, Zsolt - Matematikai Közgazdaságtan és Gazdaságelemzés, … - 2011
spillover impact on the rest of the euro area seems small. But there is the risk of contagion, which is a serious concern. There … significant face value reduction in privately-held debt. Both options have risks, but it is necessary to move to Plan B sooner or …There are two possible responses to the Greek debt crisis: 'Plan A', continued official lending, for as long as needed …