Greek bond yields have been rising due to higher default

Reference no: EM13619335

Greek bond yields have been rising due to higher default risk on these bonds. How is this related with the Maastricht criteria? In other words, is this outcome a result of the violation of the Maastricht criteria? What would you expect to see on German bond yields in the future if this situation persists? Is this a general problem with fixed exchange rate systems?

Reference no: EM13619335

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