La crise grecque. Leçons pour l'Europe

Daniel Cohen

Revue économique, 2011, vol. 62, issue 3, 383-394

Abstract: This paper analyzes the Greek crisis, starting in fall 2009, and draws a set of lessons regarding the mechanisms for sovereign crisis resolution in Europe. After a chronological review of the Greek crisis, the role of rating agencies is highlighted, before proposing a model of sovereign default with multiple equilibria and self-fulfilling expectations, such as to justify the adoption of rules of solidarity against sovereign debt crisis? risk in the euro area. Classification JEL : G10, F55

JEL-codes: F55 G10 (search for similar items in EconPapers)
Date: 2011
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Working Paper: La crise grecque. Leçons pour l'Europe (2011)
Working Paper: La crise grecque. Leçons pour l'Europe (2011)
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