Walking the Highwire by Olli Rehn

Author:Olli Rehn
Language: eng
Format: epub
ISBN: 9783030345921
Publisher: Springer International Publishing

2.We must prepare to minimize damage in Greece, where it would be inevitable to call a bank holiday, install capital controls… (and in the worst case, to think of how to keep Greece in the EU, if no more in the Eurozone).

3.We must estimate the costs of different scenarios, including the “counter-factual” (which in our prudent jargon meant Grexit).

4.We must set up a small secret group to plan and prepare both alternatives; it should include the key people from the Commission, ECB, EWG, Germany and France, and especially the ECB-Commission cooperation would have to be extremely smooth, while the IMF would have to be kept informed.

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