{"id":475,"title":"Study: Grexit","link":"https:\/\/bst-europe.eu\/de\/globalization\/study-grexit\/","date":"7. Januar 2013","date_unix":1357573293,"date_modified_unix":1357573293,"date_iso":"2013-01-07T15:41:33+00:00","content":"
\"grexit<\/a>
Grexit<\/figcaption><\/figure>\n

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Grexit and its impact on the EU<\/h2>\n

While Greece defaulting on its sovereign debt and leaving the European Monetary Union would in and of itself have a relatively minor effect on the world economy, such a move could, however, undermine investor confidence in the Portuguese, Spanish and Italian capital markets and thus provoke not only a sovereign default in those states as well, but also a severe worldwide recession. This would in turn reduce economic growth by a total of 17.2 trillion euros in the world\u2019s 42 largest economies in the lead-up to 2020. Hence it is incumbent upon the community of nations to prevent Greece from a sovereign default as well as leaving the euro, and the domino effect that this event could induce.<\/p>\n

Downloads: Grexit – the Greek debt crisis<\/h4>\n

Policy Brief: Grexit – the Greek debt crisis(EN)<\/a><\/p>\n

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While Greece leaving the European Monetary Union would in and of itself have a relatively minor effect on the world economy, such a move could, however, undermine investor confidence in the Portuguese, Spanish and Italian capital markets.<\/p>\n","thumbnail":null,"thumbnailsquare":null,"authors":[],"categories":[{"id":152,"name":"Globalization","link":"https:\/\/bst-europe.eu\/category\/globalization\/"}],"tags":[{"id":151,"name":"Publications","link":"https:\/\/bst-europe.eu\/tag\/publications\/"}]}