This week, the markets’ focus has fallen back on Greece. In addition to long-standing doubts over whether a sufficient number of private-sector creditors will sign up to the Greek debt exchange scheme, European policymakers are now squabbling over the issue of whether Greece should provide collateral for its new bail-out loans. While policymakers have time to resolve the latest debacle, it highlights the huge political constraints that European policymakers are facing and casts doubt on whether the euro-zone will be able to prevent the euro-zone crisis from escalating further.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services