Knowledge (XXG)

Greek withdrawal from the eurozone

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725:, accused IMF and EU of basing their negotiation position on unrealistic assumptions. As Koo pointed out, IMF's argument was that if the austerity programme had been implemented as assumed, no further debt relief would have been needed under 2012's framework. The EU's argument was that Greece encountered a difficult situation in 2015 because it delayed implementation of structural reforms. Koo said that the argument was highly unrealistic because structural reforms do not work in a short run, adding that the US did not benefit from the 365:(IMF) admitted that its forecast about Greek economy was too optimistic: in 2010 it described Greece's first bailout programme as a holding operation that gave the eurozone time to build a firewall to protect other vulnerable members, but in 2012 the unemployment rate of Greece became about 25 percent, compared to IMF's projection of about 15 percent. IMF conceded that it underestimated the damage that austerity programmes would do to the Greek economy, adding that, in terms of Greece's debt, IMF should have considered a 572:, for their submission titled "Leaving the Euro: A Practical Guide". The winning proposal argued that a member wishing to exit should introduce a new currency and default on a large part of its debts. The net effect, the proposal claimed, would be positive for growth and prosperity. It also called for keeping the euro for small transactions and for a short period of time after the exit from the eurozone, along with a strict regime of inflation-targeting and tough fiscal rules monitored by "independent experts". 634:, gave contradictory statements stating that "the currency is not a fetish" and that SYRIZA will say "no" to the stay of the country in the eurozone if the price for the Greek people is too great and a few days later that Greece should not leave the eurozone and return to the drachma because "...we will have poor people, who have drachmas, and rich people, who will buy everything with euros." Past opinion polling had shown that generally most Greeks favored keeping the euro. 36: 3536: 3524: 3512: 378: 2459: 652:, pondered: "The exit from the EU and the euro will be hazardous, a blind alley unless it is combined with a concrete plan, a programme for the economy and society, with a new organization of society, i.e. a socialist society with the socialization of the concentrated means of production, unilateral cancelation of the debt, working class and people's power." 917: 478:"Plan Z" is the name given to a 2012 plan to enable Greece to withdraw from the eurozone in the event of Greek bank collapse. It was drawn up in absolute secrecy by small teams totalling approximately two dozen officials at the EU Commission (Brussels), the European Central Bank (Frankfurt) and the IMF (Washington). Those officials were headed by 432:
differentiated government bond yields within the Euro Area. If Greece remains in the euro while accepting higher bond yields, reflecting its high government deficit, then high interest rates would dampen demand, raise savings and slow the economy. An improved trade performance and less reliance on foreign capital would be the result.
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In the event of a new currency being introduced, all banks would close for several days to allow old (Euro) banknotes to be stamped to denote that they were now drachmas, and/or a newly printed currency to be distributed to bank branches for distribution to the public when banks reopened. The British
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is unavoidable for Greece in the long term, and that a delay in organising an orderly default (by lending Greece more money throughout a few more years) would just wind up hurting EU lenders and neighbouring European countries even more. Fiscal austerity or a euro exit is the alternative to accepting
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The Roger Bootle/Capital Economics plan also suggested that "key officials" should meet "in secret" one month before the exit is publicly announced, and that eurozone partners and international organisations should be informed "three days before". The judges of the Wolfson Economics Prize found that
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said that preventing a Greek exit was still desirable for Germany, since a Greek exit would wipe out billions of euros in European taxpayer money, and "it would be much easier politically to renegotiate a compromise with Greece, albeit a lame one, and thus maintain the fiction that Greece will pay
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Analyst Vangelis Agapitos estimated that inflation under the new drachma would quickly reach 40 to 50 per cent to catch up with the fall in the new currency's value. To stop the falling value of the drachma, interest rates would have to be increased to as high as 30 to 40 per cent, according to
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A Grexit, assuming that it coincided with adoption of a new currency, would require preparation, for example with capacity for banknote stamping or printing a stock of new banknotes. However, information leaking out on such preparations might lead to negative dynamic effects, like bank runs.
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Questioned on whether the referendum would be a euro-drachma dilemma, Greece's finance minister, Yanis Varoufakis, said that European Treaties make provisions for an exit from the EU but do not make any provisions for an exit from the Eurozone. A referendum as a choice involving exit from the
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reported that "default appears inevitable", though it later removed the online statement. On 29 June 2015 it was announced that Greek banks would remain closed all week, cash withdrawals from banks would be limited to €60 per day, and international money transfers would be limited to urgent
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Opponents argued that the proposal would impose excessive hardship on the Greek people, the short-term effects would be a significant consumption and wealth reduction for the Greek population. This had the potential to cause civil unrest in Greece and harm the reputation of the eurozone.
482:(ECB), Thomas Wieser (Euro working group), Poul Thomsen (IMF) and Marco Buti (European Commission). To prevent premature disclosure no single document was created, no emails were exchanged, and no Greek officials were informed. The plan was based on the 2003 introduction of 400:
As can be seen from the Figure A, IMF's forecast in the 2010 standby agreement said that the Southern European country would start to grow in real terms after 2011. But in fact the economy continued to shrink, and Greek real GDP in 2013 was about 76 percent of that in 2008.
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Tsipras will die Machtprobe – und wird sie verlieren. - Die Grundregel der Finanzmarkt-Kommunikation in Krisenzeiten lautet: Klappe halten. Doch Athen tut alles, um seine hilfsbereiten Euro-Partner zu verprellen. Der Austritt Griechenlands aus der Währungsunion steht
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would fall by 55%, the new national currency would depreciate by 65% vis-à-vis the euro, and the recession would deepen to 22%. Furthermore, unemployment would rise from its current 22% to 34% of the work force, and inflation, which was then at 2%, would soar to 30%.
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IOBE head of research Aggelos Tsakanikas foresaw an increase in crime as a consequence of a Grexit, as people struggled to pay bills. "We won’t see tanks in the streets and violence, we won’t see people starving in the streets, but crime could very well rise".
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structural reforms during Reagan's era. After publishing documents which admit that the southern European country needs debt relief and a moratorium on debt repayment for 30 years, the IMF was only "slowly beginning to understand" the Greek economy, said Koo.
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was, according to rumours on 18 May 2012, preparing to print new drachma notes based on old moulds, which De La Rue refused to comment. The typical time between an order for a new currency being placed and the delivery of the banknotes is about six months.
2317: 539:, and it spread among Greek students in other European universities. The first demonstration took place in Athens, Syntagma Square in June 2012 in between two major elections that brought to the country political instability and financial insecurity. 504:
The prospect of Greece leaving the euro and dealing with a devalued drachma prompted many people to start withdrawing their euros from the country's banks. In the nine months to March 2012, deposits in Greek banks had already fallen 13% to
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for 5 July on the revised proposals from the IMF and the EU, which he said that his government would campaign against. The referendum was defeated by a margin of 61% to 39%. Eurozone finance ministers have refused to extend the bailout.
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of the average Greek. At the same time, the country's economic output would drop, putting more people out of work where one in five is already unemployed. The prices of imported goods would skyrocket, putting them out of reach for many.
467:: "the overt infringements on Greek sovereignty we're witnessing today, with EU policy makers now double-checking all national data and carefully 'monitoring' the work of the Greek government sets a dangerous precedent." 784:, raised further anger when it compared Greece to an unfair footballer: "What happens to a footballer who breaks the rules and does a crude foul? – He leaves the pitch. He is sent off as a punishment. No question." 600:
According to the Greek think-tank Foundation for Economic and Industrial Research (IOBE), a new drachma would lose half or more of its value relative to the euro. This would drive up inflation, and reduce the
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Both the Greek government and the EU favoured Greece staying within the Euro and believed this to be possible. However, some commentators believed an exit was likely. In February 2015, the former head of the
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said, "German right-wing forces trying to act like a sheriff in Greece or any other member states is not only unacceptable but above all wrong." It has also been criticized by the German opposition party
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The European Central Bank (ECB) has said it won't extend emergency funding for the banks and there is a growing risk of Greece lurching out of the single currency - which has come to be known as Grexit.
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The implementation of Grexit would have to occur "within days or even hours of the decision being made" due to the high volatility that would result. It would have to be timed at one of the
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Conversely, leaving the Eurozone, but retaining the Euro as de facto currency, would avoid the practical issues and relieve the country of the burden of its Eurozone responsibilities.
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and the impossibility of forming a new government after elections led to strong speculation that Greece would leave the eurozone shortly. This phenomenon had already become known as "
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He argues that a withdrawal from the Eurozone would give the Greek government more room for maneuver to conduct public policies propitious for long-term growth and social equity.
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Agapitos. People would then be unable to pay off their loans and mortgages and the country's banks would have to be nationalised to stop them from going under, he predicted.
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would dramatically boost exports and tourism, while discouraging expensive imports, which would give the Greek economy the possibility to recover and stand on its own feet.
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finance ministers in Istanbul: "A Greek exit from the euro would be very difficult for the world economy and potentially very damaging for the European economy."
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After an emergency meeting of eurozone finance ministers (20 February 2015), European leaders agreed to extend Greece's bailout for further four months.
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Many experts now fear a "Graccident"—Greece's accidental exit from the euro. If the ECB doesn't agree to your T-Bills, that's exactly what might happen.
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Default appears inevitable and there is a growing risk of Greece lurching out of the single currency - which has come to be known as Grexit.
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suggested that Greece might be better off if it exited the eurozone. British officials declined to comment on the leaked document.
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A leaked document revealed that, during informal discussions with one of the European leaders, then UK Prime Minister
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the winning plan was the "most credible solution" to the question of a member state leaving the eurozone.
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further spurred these speculations. Both German and international media widely interpreted this as the
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I cannot imagine that. People won't risk Europe's disintegration over a T-Bill of almost €1.6 billion.
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into Iraq by the Americans and would have required rebuilding the Greek economy and banking system
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chaired a meeting to discuss any possible ramifications in the event of an exit. According to a
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economist Ebrahim Rahbari and was introduced by Rahbari and Citigroup's Global Chief Economist
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to 2 percent points, negatively affecting their ability to service their own sovereign debts.
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Of all the political parties which won seats in the parliamentary election in May 2012, the
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One US economist has argued that the legal grounds upon which the "troika", composed by the
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Please help update this article to reflect recent events or newly available information.
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In January 2015, speculation about a Greek exit from the eurozone was revived when
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was a hypothetical scenario, debated mostly in the early to mid 2010s, under which
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OECD, National Accounts of OECD Countries detailed tables 2006-2013, Volume 2014/2
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AG increased the risk of Greece exiting the euro to 50%. The expression used by
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Economists who favour this approach to solve the Greek debt crisis argue that a
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combining the English words 'Greek' and 'exit', and which has been expressed in
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By late June 2015 negotiations on a deal had collapsed, and Prime Minister
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P. Krugman, The Conscience of a Liberal, The New York Times, 25 June 2015
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for these talks is "Greece and the Euro Zone dance on the precipice".
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On 21 August 2015, 25 MPs from SYRIZA split from the party and formed
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Graphs are unavailable due to technical issues. There is more info on
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Additionally, it could cause Greece to align more with non-EU states.
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M. Steves and I. Talley, The Wall Street Journal, Europe, 5 June 2013
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Russia Fin Min: Could Only Provide Greece With Rubles If Athens Asks
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stated that it would offer Greece aid but would only provide it in
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system, closing ATMs, and imposing capital and currency controls.
492:, including isolating Greek banks by disconnecting them from the 3127: 3038: 3000: 2513: 2370: 781: 520:, said Dimitris Mardas, associate professor of economics at the 506: 282: 2486: 2318:"Eurozone Officials Reach Accord With Greece to Extend Bailout" 1082:
Economist Who Coined ‘Grexit’ Now Says Greece Will Stay in Euro
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Withdrawal and Expulsion from the EU and EMU: Some Reflections
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Cameron told EU leader Greek exit from euro may be best option
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Nomura slams the IMF: The Greek bailout is highly unrealistic
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A. Nardelli and N. Watt, The Guardian, Politics, 26 June 2015
1589:"War-Gaming Greek Euro Exit Shows Hazards in 46-Hour Weekend" 1497:"Grexit will happen much more quickly than politicians think" 1930:. Communist Party of Greece. 10 January 2015. Archived from 1524:"EU accused of 'head in sand' attitude to Greek debt crisis" 1084:. By Flavia Krause-Jackson. Bloomberg Business, 28 June 2015 681:, the party won 2.8% of the popular vote, winning no seats. 2367:"Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst" 463:
and interfere in the internal affairs of an independent EU
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O. Williams-Grut, Business Insider, Finance, 15 July 2015
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calling the debate over a Grexit "highly irresponsible".
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of supporting withdrawal from the euro. SYRIZA's leader,
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Against this plan, a political initiative, the so-called
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IMF stuns Europe with call for massive Greek debt relief
524:. Greek authorities, Mardas predicted, would respond by 1917:– "Greek election is euro versus drachma, Samaras says" 1355:
Greece:Staff report on request for stand-by arrangement
2017:"Greece: Greenspan predicts exit from euro inevitable" 2077:
A. Evans-Pritchard, The Daily Telegraph, 14 July 2015
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of the time. This conjecture was given the nickname "
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expressed support for leaving both the euro and the
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Hypothetical Greek withdrawal from the Euro currency
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In the 1323: 1321: 1443:"Grexit and the euro: an exercise in guesswork" 1420:"Huge Sense of Doom Among 'Grexit' Predictions" 1154:[Grexit dimensions such as ελλέξοδος]. 982: 903:Eurozone would violate EU Treaties and EU Law. 588:(not to be confused with the central bank, the 2174:"Euro Countries Take Tough Line Toward Greece" 1350: 1348: 1168:(Title may not be accurate, inferred from URL) 1152:"Διαστάσεις grexit οπως ελλέξοδος [?]" 322:Syriza ("Coalition of the Radical Left") party 2498: 2000:"Greece crisis: Syriza rebels form new party" 1472:. Maxfarquar.com. 14 May 2012. Archived from 766:tacitly warning Greek voters from voting for 189: 8: 2299:"Greece and Eurozone Dance on the Precipice" 1582: 1580: 1578: 1008:or EMU, would be legally next to impossible. 928:Claudia Panseri, head of equity strategy at 787:The German government's interference in the 512:A victory for anti-bailout lawmakers in the 343:on 27 June 2015 speculation rose. That day 1766:"De La Rue silent on deal to print Drachma" 1747:"Greek youths are getting ready to cry out" 1676: 1674: 1672: 1670: 1668: 1587:Randow, Jana; Thesing, Gabi (23 May 2012). 993: 948:Europe in 2010 accounted for 25 percent of 251: 245: 238: 3493:European Financial Stabilisation Mechanism 3233: 3160: 2883: 2741: 2505: 2491: 2483: 1715:"Greece's euro exit a recipe for hardship" 1708: 1706: 1704: 1702: 1700: 1698: 1696: 1694: 1272:"Greek debt crisis: Is Grexit inevitable?" 1243:"Greek debt crisis: Is Grexit inevitable?" 526:imposing controls on the movement of money 196: 182: 67: 1210:«Ο Βαρουφάκης πρέπει να παρουσιάσει έργο» 679:September 2015 Greek legislative election 662:, opposing Greece's participation in the 2471:"Viewpoints: What if Greece exits euro"? 936:in other European nations could widen 1 580:Immediate economic fallout inside Greece 2360: 2358: 2356: 2354: 2231:"UK plans for possible Greek euro exit" 2111: 2109: 1340:IMF concedes it made mistakes on Greece 1118:and Ebrahim Rahbari (6 February 2012). 1092: 1090: 1071: 828:back its loans at some point in time." 777:Germany's largest selling tabloid, the 70: 2396:Athanassiou, Phoebus (December 2009), 2088:"Germany Does Care About a Greek Exit" 1120:"Rising Risks of Greek Euro Area Exit" 1077: 1075: 791:was strongly criticized by leaders of 312:On 27 January 2015, two days after an 154:Greek government debt crisis articles: 3488:European Financial Stability Facility 2679:Euro interbank offered rate (Euribor) 2244:Svenja O'Donnell (10 February 2015). 1797:"Leaving the Euro: A Practical Guide" 1713:Hadjicostis, Menelaos (25 May 2012). 1357:IMF, Country report No. 10/110 (2010) 1328:IMF admits mistakes on Greece bailout 278:made available to Greece after that. 7: 2880:Coins by country with minting rights 2405:, European Central Bank, p. 4, 1012:In the absence of any ruling by the 907:Theorized effects on world economies 742:, deputy leader of the center-right 516:would likely trigger an even bigger 301:The term 'Grexit' was coined by the 86:Tax evasion and corruption in Greece 3062:French Southern and Antarctic Lands 1639:Firzli, M. Nicolas (1 March 2010). 535:was founded in 2012 by students in 348:pre-approved commercial transfers. 3291:European Monetary Cooperation Fund 2689:European payments initiative (EPI) 2464:Greek withdrawal from the eurozone 2116:Wagstyl, Stefan (5 January 2015). 1522:Louise Armitstead (23 June 2011). 1056:Withdrawal from the European Union 960:—less than 2 per cent—of European 648:. However, its General Secretary, 210:Greek withdrawal from the eurozone 25: 18:Greek withdrawal from the Eurozone 2425:"The Right to Leave the Eurozone" 2144:O'Brien, James (5 January 2015). 1816:Tagaris, Karolina (29 May 2012). 1470:"Grexit Greek Exit From The Euro" 837:On 9 February, UK Prime Minister 3534: 3522: 3510: 2684:Single euro payments area (SEPA) 2587:European System of Central Banks 2457: 2377:from the original on 26 May 2024 2172:Alderman, Liz (5 January 2015). 2090:. 5 January 2015. Archived from 1854:– "The currency is not a fetish" 1828:from the original on 30 May 2012 1778:from the original on 31 May 2012 1653:from the original on 31 May 2012 1599:from the original on 3 June 2012 1563:from the original on 2 June 2012 1390:"Sorry, folks..the wake is over" 912:Effect upon the European economy 870:reported that after 16 February 789:January 2015 elections in Greece 376: 118:2011 proposed economy referendum 34: 2432:Texas International Law Journal 1641:"Greece and the EU Debt Crisis" 1495:Heath, Allister (14 May 2012). 1330:BBC News, Business, 5 June 2013 1192:sueddeutsche.de 4. March 2015: 1037:- A term with a similar origin 807:group, when S&D president 416:the financial crisis in Greece 339:After the announcement of the 1: 3592:Greece and the European Union 2664:Economy of the European Union 2365:Barnato, Katy (25 May 2012). 2233:. BBC News. 11 February 2015. 1764:Wallop, Harry (29 May 2012). 1030:2015 Greek bailout referendum 944:Effect upon the world economy 143:2015 Greek bailout referendum 91:Financial crisis of 2007–2008 3572:Greek government-debt crisis 2794:2 € commemorative coins 2628:European Stability Mechanism 2438:(2): 126–155. Archived from 1222:Interview mit Alexis Tsipras 1158:(in Greek). 13 February 2012 1061:Withdrawal from the Eurozone 1046:Greek government-debt crisis 990:recently enacted exit clause 920:A political cartoon of the " 703:described it as inevitable. 222:Greek government-debt crisis 170:Greek crisis countermeasures 3301:European Monetary Institute 2019:, BBC News, 8 February 2015 1549:Apps, Peter (20 May 2012). 1441:Ross, Alice (14 May 2012). 1270:Paul Kirby (27 June 2015). 1241:Paul Kirby (27 June 2015). 1125:. Citigroup. Archived from 849:said at the meeting of the 698:Chancellor of the Exchequer 363:International Monetary Fund 266: 259: 101:Financial audits, 2009–2010 3613: 3155:Other extant EU currencies 3001:Monetary agreement with EU 2297:Geoffrey Smith / Fortune. 1499:. City A.M. Archived from 1394:London Progressive Journal 1388:Xypolia, Ilia (May 2012). 797:Socialists & Democrats 793:European Parliament groups 626:party accused the leftist 522:University of Thessaloniki 443:International law dynamics 356: 218:withdraw from the Eurozone 3505: 3128:Countries and territories 3057:Saint Pierre and Miquelon 2799:Other commemorative coins 2623:Stability and Growth Pact 1220:spiegel.de 7. März 2015: 1014:European Court of Justice 723:Nomura Research Institute 437:public holidays in Greece 316:of the Greek parliament, 252: 246: 239: 43:This article needs to be 3597:Euroscepticism in Greece 3481:Former fiscal provisions 3251:European Monetary System 3041:using euro per agreement 1954: 1866:Ο Alexis Tsipras στο CNN 1682:"Inside Europe's Plan Z" 1097:A year in a word: Grexit 3577:Public policy proposals 3130:using euro unilaterally 2643:European Fiscal Compact 2151:The Parliament Magazine 1958:(in Greek). Golden Dawn 1869:. YouTube. 17 May 2012. 1802:18 January 2013 at the 799:(S&D), the liberal 734:2015 Grexit speculation 586:National Bank of Greece 562:Wolfson Economics Prize 556:Wolfson Economics Prize 547:money printing company 148:September 2015 election 106:Anti-austerity movement 3357:European Currency Unit 3043:without minting rights 2539:European banking union 2423:Dammann, Jens (n.d.). 1720:The Hamilton Spectator 1010: 994: 976:published 2009 by the 962:gross domestic product 925: 856:In February 2015, the 721:, chief economist for 285:and reintroducing the 3528:European Union portal 3077:Potential adoption by 3067:Akrotiri and Dhekelia 2814:Europa coin programme 2577:European Central Bank 2534:Capital Markets Union 2466:at Wikimedia Commons 1041:Currency substitution 1006:expulsion from the EU 978:European Central Bank 919: 823:Economists of German 514:17 June 2012 election 453:European Central Bank 165:Greek crisis timeline 138:January 2015 election 3350:Preceding currencies 3316:European debt crisis 2706:International status 2258:Dow Jones Newswires 816:', with its speaker 774:of 25 January 2015. 772:legislative election 754:citing sources from 650:Dimitris Koutsoumpas 584:On 29 May 2012, the 320:, leader of the new 309:on 6 February 2012. 128:Government formation 96:European debt crisis 3331:Previous EU members 3245:Snake in the tunnel 2696:Euro Currency Index 2205:www.ftserussell.com 1915:report 15 June 2012 1852:report 14 June 2012 1771:The Daily Telegraph 1503:on 2 September 2012 1422:. CNBC. 14 May 2012 1180:18. February 2015: 1099:. By Ralph Atkins. 1018:University of Texas 924:" view of a Grexit. 779:right-wing populist 760:ministry of finance 658:was also staunchly 334:Minister of Finance 160:Greek eurozone exit 3540:Numismatics portal 3362:Austrian schilling 3039:Non-EU territories 2714:Proposed eurobonds 2323:The New York Times 2211:on 28 October 2019 2179:The New York Times 2036:, 15 February 2015 1934:on 26 January 2015 1727:on 10 January 2015 1400:on 23 October 2019 1105:, 23 December 2012 1051:Multi-speed Europe 926: 858:Russian government 714:Economic criticism 687:US Federal Reserve 560:In July 2012, the 410:Financial dynamics 367:debt restructuring 341:bailout referendum 133:June 2012 election 112:Election articles: 3549: 3548: 3501: 3500: 3447:Portuguese escudo 3223: 3222: 3032: 3031: 2875: 2874: 2804:Identifying marks 2659:Economy of Europe 2616:Fiscal provisions 2462:Media related to 2094:on 6 January 2015 2006:. 21 August 2015. 1980:. 10 October 2012 1646:The Vienna Review 764:Merkel government 756:Wolfgang Schäuble 622:The centre-right 618:Political opinion 594:per capita income 566:Capital Economics 537:Oxford University 509:160,000,000,000. 414:In mid-May 2012, 398: 397: 220:to deal with the 206: 205: 123:May 2012 election 72:Greek debt crisis 64: 63: 16:(Redirected from 3604: 3538: 3526: 3514: 3452:Sammarinese lira 3442:Monégasque franc 3432:Luxembourg franc 3427:Lithuanian litas 3296:Delors Committee 3285: 3279: 3274: 3268: 3263: 3257: 3234: 3200:Hungarian forint 3167: 3161: 3052:Saint Barthélemy 2884: 2742: 2719:Reserve currency 2507: 2500: 2493: 2484: 2461: 2447: 2446: 2445:on 11 June 2015. 2444: 2429: 2420: 2414: 2413: 2404: 2393: 2387: 2386: 2384: 2382: 2362: 2349: 2348: 2341: 2335: 2334: 2332: 2330: 2313: 2307: 2306: 2294: 2288: 2287: 2285: 2283: 2277:ekathimerini.com 2269: 2263: 2262:10 February 2015 2256: 2250: 2249: 2248:. Bloomberg.com. 2241: 2235: 2234: 2227: 2221: 2220: 2218: 2216: 2207:. Archived from 2197: 2191: 2190: 2188: 2186: 2169: 2163: 2162: 2160: 2158: 2141: 2135: 2134: 2132: 2130: 2113: 2104: 2103: 2101: 2099: 2084: 2078: 2072: 2066: 2060: 2049: 2043: 2037: 2026: 2020: 2014: 2008: 2007: 1996: 1990: 1989: 1987: 1985: 1974: 1968: 1967: 1965: 1963: 1955:Πολιτικές Θέσεις 1950: 1944: 1943: 1941: 1939: 1924: 1918: 1916: 1907: 1901: 1900: 1898: 1896: 1887:. Archived from 1877: 1871: 1870: 1861: 1855: 1853: 1844: 1838: 1837: 1835: 1833: 1813: 1807: 1794: 1788: 1787: 1785: 1783: 1761: 1755: 1754: 1743: 1737: 1736: 1734: 1732: 1723:. Archived from 1710: 1689: 1678: 1663: 1662: 1660: 1658: 1636: 1627: 1626: 1615: 1609: 1608: 1606: 1604: 1584: 1573: 1572: 1570: 1568: 1546: 1540: 1539: 1537: 1535: 1519: 1513: 1512: 1510: 1508: 1492: 1486: 1485: 1483: 1481: 1466: 1460: 1459: 1457: 1455: 1438: 1432: 1431: 1429: 1427: 1416: 1410: 1409: 1407: 1405: 1396:. 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He appointed 299: 297:Detailed events 270:)). The term " 202: 60: 54: 51: 48: 39: 35: 28: 23: 22: 15: 12: 11: 5: 3610: 3608: 3600: 3599: 3594: 3589: 3587:2013 in Greece 3584: 3582:2012 in Greece 3579: 3574: 3569: 3564: 3554: 3553: 3547: 3546: 3544: 3543: 3531: 3519: 3506: 3503: 3502: 3499: 3498: 3496: 3495: 3490: 3484: 3482: 3478: 3477: 3475: 3474: 3469: 3467:Spanish peseta 3464: 3459: 3454: 3449: 3444: 3439: 3434: 3429: 3424: 3419: 3414: 3409: 3404: 3399: 3394: 3392:Finnish markka 3389: 3387:Estonian kroon 3384: 3379: 3374: 3369: 3364: 3359: 3353: 3351: 3347: 3346: 3344: 3343: 3341:United Kingdom 3337: 3335: 3330: 3327: 3326: 3324: 3323: 3318: 3313: 3308: 3303: 3298: 3293: 3288: 3287: 3286: 3275: 3264: 3248: 3240: 3238: 3231: 3225: 3224: 3221: 3220: 3218: 3217: 3212: 3207: 3202: 3197: 3191: 3189: 3185: 3184: 3182: 3181: 3176: 3170: 3168: 3158: 3153: 3150: 3149: 3147: 3146: 3141: 3135: 3133: 3126: 3123: 3122: 3120: 3119: 3114: 3109: 3104: 3099: 3094: 3092:Czech Republic 3089: 3083: 3081: 3076: 3073: 3072: 3070: 3069: 3064: 3059: 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Index

Greek withdrawal from the Eurozone
Greek debt crisis
Greek economy
Tax evasion and corruption in Greece
Financial crisis of 2007–2008
European debt crisis
Financial audits, 2009–2010
Anti-austerity movement
2011 proposed economy referendum
May 2012 election
Government formation
June 2012 election
January 2015 election
2015 Greek bailout referendum
September 2015 election
Greek eurozone exit
Greek crisis timeline
Greek crisis countermeasures
v
t
e
Greece
withdraw from the Eurozone
Greek government-debt crisis
portmanteau
Greek
Hellas
bailouts
euro
drachma

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