CEPS © 2019

Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

A Parallel Currency for Greece

by Thomas Mayer
20 May 2015

A Parallel Currency for Greece

Thomas Mayer

Greece and its creditors seem to be engaged in a game of chicken: both sides expect the other to yield at the last moment. The game will almost certainly end with each side deviating somewhat from its preferred course. This High-Level Brief discusses how a parallel currency could contribute to a resolution of the conflict. In the author's view, it would be the least-bad option for both sides among three possible options on the table.

Thomas Mayer is Founding Director of the Flossbach von Storch Research Institute.

About the Author


  • Author
    Thomas Mayer
    Thomas Mayer
A Parallel Currency for Greece
Download Publication

11258 Downloads