Greek Budget Realities: No Easy Options
---- Acknowledgments ----
This paper was prepared for the Brookings Papers on Economic Activity, Fall 2015. The authors gratefully acknowledge insightful comments and suggestions from David Romer, Justin Wolfers, Christian Proebsting and seminar participants at the Brookings Panel. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.