Commentary
Uri Dadush
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Source: Getty
Q&A
Europe’s Test—What Greece’s Debt Crisis Means for the World
Greece’s economic imbalances are neither unprecedented nor — with help — unmanageable. Given the business, banking, and political interests in a positive outcome, Greece will either rescue itself, or be rescued.
By Uri Dadush
Published on Feb 19, 2010
Greece’s debt crisis and loss of competitiveness are raising concerns far beyond its borders, including the viability of the single currency and the recovery of the euro zone. European leaders have promised to support Greece and safeguard the euro, but resisted an immediate bailout.
In a new video Q&A, Uri Dadush analyzes the dangers this new crisis poses for other vulnerable countries and recommends actions for policy makers in Greece, Europe, and the G20 to deal with the fallout. Dadush says that while this is the biggest test the euro area has faced, Greece’s imbalances are neither unprecedented nor—with help—unmanageable. “Given the business, banking, and political interests in a positive outcome, Greece will either rescue itself, or be rescued."
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
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Carnegie India 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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