The Lessons Quebec Offers to Greece and Europe
Managerial and Decision Economics, Forthcoming
Posted: 8 Oct 2016
Date Written: October 6, 2016
Abstract
An assessment of the dynamics and importance of Greece’s potential Grexit is made to point out its pivotal role during the Eurozone’s current crisis. Subsequently the case of the independence movement of Quebec is examined, to argue that once perceptions about the separation from a Union – such as Greece’s Grexit- take root they may propagate themselves for long periods of time entrenching an uncertainty that leads to concrete economic damage. Therefore the need to accelerate “convergence in institutions” among the Union members is highlighted, as is the need to acknowledge that political developments in Greece are in line with the predictions of a growing literature on the causes and impact of political risks.
Keywords: Political Integration, Institutions, Greece, convergence, Economic Union
JEL Classification: K00, F330, K100
Suggested Citation: Suggested Citation