With euro-zone leaders struggling to reach a workable solution to Greece’s debt problems, the chances of a Greek exit from the currency union have risen. In 2012, Capital Economics won the Wolfson Prize for our submission on how an exit might be best managed. The bulk of that report still applies and it is available on our website. But this Update summarises and updates some of the key points and provides a possible timeline of developments in the Table on page 2.
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