The Strategic
Consequences of "Grexit"
by Peter Martino
• June 29, 2015 at 5:00 am
Last weekend, Greece failed to reach an agreement with its three
creditors, the European Commission, the European Central Bank, and the
International Monetary Fund. A bankruptcy of the Hellenic Republic is now
imminent. If it materializes, a so-called Grexit will follow: Greece will be
forced to leave the Eurozone -- the group of 19 European Union (EU) member
states that use the euro as their common currency. Leaving the Eurozone
automatically means that, under the EU treaties, Greece will also have to
leave the EU.
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