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The EU’s Secret Plan for a Catastrophic Grexit
The top-secret Grexit plan had been filed away in 2012, the previous time Greece had teetered on the edge of default.
19 Jun 2019, 01:48 PM IST
(Bloomberg Businessweek) -- The top-secret plan had been filed away in 2012, the previous time Greece had teetered on the edge of default. It was code-named “Croatia’s Accession to the European Union” to disguise that it was a doomsday scenario for the country farther south. Any hint it even existed would have sent Greece deeper into crisis, spooked financial markets, and shaken confidence in the euro itself. Then in early June 2015 ...
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