CEPS © 2019

Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

Who can save Greece?

15 April 2010

Who can save Greece?

After two months of heated debate, the basic conditions for the joint IMF/EU rescue operation for Greece have now been decided. In this latest Commentary, CEPS Director Daniel Gros takes a closer look at the figures and shows that the magnitude of the funds under discussion can at best tide the country through a rough patch. The key issue that will remain for years to come is whether Greece is willing to undertake the huge domestic effort required to achieve a sustainable fiscal position.

About the Author

Who can save Greece?
Download Publication