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    The Debt Spiral - fears of a Greek "haircut" | Made in Germany

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    DW (English)

    von DW (English)

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    Has the Greek economy been rescued? Hardly; the country may be facing even worse problems, according to Christoph Trebesch. A study conducted by the economist suggests that a so-called haircut - or bond devaluation - could have dramatic consequences for Greece.Our reporter Manuel Özcerkes meets up with the scientist, who despite the potential consequences sees no alternative to a radical haircut for Greece. We also speak with hairdresser Thorsten Wozniak. As a longtime expert on haircuts, he has his own perspective on the issue.