Skip to main content

Greek default - causes and effects

The markets are right to think that a likely second bail-out for Greece over the coming months will not preclude some form of debt restructuring or default. But we suspect that they are too sanguine about the likely effects of such an event on the euro-zone’s economies and financial system, and on the stability of the currency union itself.

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 gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access