Commentary
Uri Dadush
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Source: Getty
In The Media
Will Greece Reach a Deal?
Despite delays, the Greek rescue package will almost certainly be approved in the coming days. Whether or not the deal will prove to be sustainable is a much more difficult question.
By Uri Dadush
Published on Feb 14, 2012
Source: BBC Radio 5
Nevertheless, the problems will not end once the agreement is signed. "The Greek program is a disaster," said Dadush. Not only has Greek unemployment increased sharply, but budget deficit is also not being reduced at the pace that was expected and the exports are showing no signs of turning around. Dadush concluded that the “big concern is not whether the deal will be signed, but whether the deal is in fact sustainable” because the severe cuts will push the economy even deeper into recession.
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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