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- W4240101412 abstract "Significance Greece's government and voters have delivered a punishing blow to euro-area policies. However, the underlying dilemmas remain unchanged: whether creditors will countenance debt relief, whether the Greek government can produce credible commitments on reform, and whether euro-area leaders can manage their domestic political constraints and divisions. Impacts Without European assistance, Greece faces a period of economic hardship as funds dry up to pay public-sector salaries and pensions. Without ECB liquidity injections to keep the banks operational, they will require recapitalisation. A bail-in of depositors is possible. Otherwise, a raft of bankruptcies is expected among businesses unable to acquire operational financing. The referendum result will encourage anti-austerity eurosceptics elsewhere in the EU." @default.
- W4240101412 created "2022-05-12" @default.
- W4240101412 date "2015-07-06" @default.
- W4240101412 modified "2023-09-27" @default.
- W4240101412 title "Greece to seek end of austerity, not euro membership" @default.
- W4240101412 doi "https://doi.org/10.1108/oxan-db200770" @default.
- W4240101412 hasPublicationYear "2015" @default.
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