Which is best way forward to handle debt problems of greece

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Reference no: EM13239587

Greece is currently in an unsustainable fiscal situation with rapidly increasing government debt. This can be handled in three ways: (i) a drastic domestic fiscal consolidation; (ii) official financial assistance from other euro countries; and (iii) default.
a) What are the pros and cons of the different adjustment methods given above? b) Which is the best way forward to handle the debt problems of Greece?

Reference no: EM13239587

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