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Das Ende der griechischen Schuldenkrise?

Author

Listed:
  • Bencek, David
  • Schrader, Klaus

Abstract

Die griechische Politik hat dank eines indirekten Schuldenschnitts über Zinsvergünstigungen und Fälligkeitsverlängerungen die Chance, ohne prohibitive Belastungen aus der Vergangenheit einen dauerhaften Zugang zu den Finanz- und Kapitalmärkten zu erhalten. Die Autoren stellen fest, dass Griechenlands Schuldentragfähigkeit mittel- bis langfristig von der Einschätzung der Finanz- und Kapitalmärkte abhängt, ob die griechische Politik in eigener Regie den Reformkurs und die stabilitätsorientierte Haushaltspolitik weiterführt. Nur unter diesen Bedingungen kann Griechenland einen steileren Wachstumspfad erreichen und damit die weiterhin benötigten Primärüberschüsse im Haushalt realisieren und aus den Schulden herauswachsen. Die Autoren empfehlen, dass die europäischen Partner nicht durch eine latente Bereitschaft zu einem erneuten "Bail out" Marktsignale übertönen und damit die Vollendung der Rettung in griechischer Regie unterlaufen sollten.

Suggested Citation

  • Bencek, David & Schrader, Klaus, 2018. "Das Ende der griechischen Schuldenkrise?," Kiel Policy Briefs 116, Kiel Institute for the World Economy.
    • Handle: RePEc:zbw:ifwkpb:116
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    File URL: https://www.econstor.eu/bitstream/10419/181679/1/1029672474.pdf
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    References listed on IDEAS

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    1. repec:wbk:wbpubs:28608 is not listed on IDEAS
    2. Klaus Schrader & David Bencek & Claus-Fiedrich Laaser, 2015. "Saving Greece Once Again: Have We Reached the Root of the Crisis?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 84(3), pages 29-45.
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