Commentary
Uri Dadush
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Source: Getty
In The Media
Greek Euro Disease
Greece is now facing a sovereign debt crisis that is calling into question the viability of the Euro itself. While there are no easy solutions to this crisis, both Germany and the IMF must provide Greece with the support it needs.
By Uri Dadush
Published on Feb 22, 2010
Source: CrossTalk
Greece is now facing a sovereign debt crisis that is calling into question the viability of the euro. Uri Dadush argues that, while there are no easy solutions to this crisis, Greece must receive support from both Germany and the IMF. Although some have argued that such support would create an issue of moral hazard in the Euro area, wherein countries would be more willing to take risks because they know they would have support from other EU members and the IMF if they fail, Dadush notes that the problem is often overstated. No country “will look forward, in any conceivable way, to having a massive financial crisis,” he pointed out, regardless of the support that may follow.
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
- The Labors of Tsipras
- Greece, Complacency, and the EuroIn The Media
Uri Dadush
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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