Bertelsmann Stiftung (ed.)

Growth Effects of a Withdrawal
from the Euro-zone

Which effects would have a withdrawal of Greece, Portugal, Spain or Italy from the euro-zone on growth and employment in Germany, Europe and the world?
Only available in German

  • 1. edition 2012 (PDF)
  • Free of charge

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. But such a »Grexit« could provoke tremendous domino effects causing a severe worldwide recession.