Greece and its options about Eurozone!

Views: 92

Comment by Dino Vlachos on March 22, 2012 at 16:23
So what do you guys think about this argument?
Comment by Socratis Avgitidis on March 22, 2012 at 19:40

Makes total sense that Greece should leave the Euro. All that has happened is that the banks have been given a lifeline. Not Greek banks, but international banks. Going back to the drachma is also a hard option, but if the government gets it right, they can  eventually overcome inflation with exportable products, agriculture, cement, cheaper tourism...Eventually they will get out of it and show growth, just like Argentina has. Staying in the Euro Greece will only raise more and more debt, and eventually become a German Republic. I watched a talk by my favourite economist, Roubini, his view is exactly the same. Own your currency, own the printing of it and this way you keep independence. All this in my humble opinion:)

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