Greece and the eurozone in the grip of uncertainty
Amanda Paul, Today Zaman, 07.07.2015
Quotes
[...] If they cannot find a deal, Greece could be thrown out of the eurozone or worse. As my colleague Janis Emmanouilidis wrote earlier this week in an EPC commentary, A Greek exit from the common currency would be a financial, economic, social, and potentially also political catastrophe for Greece, aggravated by the chaotic way a new currency would have to be introduced. Greece would be cut off from international financial markets, with disastrous repercussions for Greek banks and companies, while capital flight and emigration would become endemic, and the temptation to maintain public spending through hyper-inflationary monetary expansion would be hard to resist. The political system might well be undermined, with potential dire consequences for the stability and democracy in Greece, which is already under strain A deal should be made because the alternative is too costly. This requires political leadership, including the maturity to accept that winning at any cost might endanger the very core of European integration.
Link to original text here
Latest media contributions
EPC Update / Post-summit Briefing: What does the Ankara NATO Summit mean for Europe’s security?
Online Briefing, YouTube, 09.07.2026
EPC Update / Post-summit Briefing: Will the June EU Summit provide strategic direction?
Online Briefing, YouTube, 22.06.2026
EU Democracy Reform Observatory: Two years on: Why Europe’s far right keeps growing
Online Briefing, YouTube, 11.06.2026
EPC Update: Can Europe lead when leadership is in short supply?
Online Briefing, YouTube, 29.05.2026
What are the sticking points for the EU's new budget?
Quotes, Deutsche Welle, 29.04.2026
EPC Update / Post-summit Briefing: Spring European Council: Can the EU meet the challenges of the new world disorder?
Online Briefing, YouTube, 26.03.2026
EPC Update / Post-summit Briefing: Informal leaders' retreat: New momentum for European competitiveness?
Online Briefing, YouTube, 16.02.2026
EPC Update / Post-summit Briefing: The Greenland crisis: A test for Europe's credibilitye need for strategic choices
Online Briefing, YouTube, 23.01.2026
EPC Update: EUrope in 2026: the need for strategic choices
Online Briefing, YouTube, 12.01.2026
EPC Update / Post-summit Briefing: The last EU Summit of 2025: a real moment of truth?
Online Briefing, YouTube, 19.12.2025