This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … follows. First, Unlike the US subprime crisis which affected all European sovereign risks, the Greek crisis is largely a … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …

essence of today's crisis we analyze to what extent a ‘troubled' periphery EZ member can negotiate a bailout from the center …This paper argues that the key issue for defining and solving the Eurozone's (EZ) difficulties lies in readjusting the …