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The Greek Austerity Myth

10 February 2015

The Greek Austerity Myth

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Since Syriza’s victory in Greece’s recent general election, some fear a return to the uncertainty of 2012, when many thought that a Greek default and exit from the eurozone were imminent and that a Greek debt crisis could destabilise – and perhaps even bring down – Europe’s monetary union.  CEPS Director Daniel Gros explains in this CEPS Commentary how this time really is different.

This commentary was also published by Project Syndicate, 10 February 2015, and syndicated to newspapers and journals worldwide. It is republished here with the kind permission of Project Syndicate.

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The Greek Austerity Myth
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