Alcidi, Cinzia; Giovannini, Alessandro; Gros, Daniel - Centre for European Policy Studies (CEPS) - 2012
The eurozone countries are currently sitting on an aggregate exposure to Greece exceeding €300 billion. If the country … were to exit the eurozone, it would certainly not be able to service its debt in the short run when the exchange rate … eurozone is followed by default on the official debt depends decisively on the willingness (and ability) of Greece’s European …