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A Parallel Currency for Greece

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  • Mayer, Thomas

Abstract

Greece and its creditors seem to be engaged in a game of chicken: both sides expect the other to yield at the last moment. The game will almost certainly end with each side deviating somewhat from its preferred course. This High-Level Brief discusses how a parallel currency could contribute to a resolution of the conflict. In the author's view, it would be the least-bad option for both sides among three possible options on the table.

Suggested Citation

  • Mayer, Thomas, 2015. "A Parallel Currency for Greece," CEPS Papers 10586, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:10586
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    File URL: http://www.ceps.eu/system/files/No4_TM%20Parallel%20Currency_0.pdf
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