Working Paper: “The Eurozone Debt Crisis — The Options Now”
Buchheit, Lee C. and Gulati, G. Mitu
SSRN Working Papers, October 8, 2012
The Eurozone debt crisis is entering its third year. The original objective of the official sector’s response to the crisis — containment — has failed. All of the countries of peripheral Europe are now in play; three of them (Greece, Ireland and Portugal) operate under full official sector bailout programs.