Economic Consequences of Grexit

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The book analyzes the potential economic repercussions of a Grexit on Greece, Europe, and the global economy. It focuses on two main factors: the debt losses for Greece's creditors and the depreciation of a new Greek currency. By comparing two quantitative studies that simulate Grexit scenarios, the work scrutinizes their underlying assumptions for realism. Ultimately, it evaluates the economic outcomes of a Grexit against the implications of Greece remaining in the Eurozone, aiming to identify the most effective strategy for managing the ongoing crisis and preventing future ones.