"Athens Mulls Plans for New Currency: Greece Considers Exit from Euro Zone" (user search)
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  "Athens Mulls Plans for New Currency: Greece Considers Exit from Euro Zone" (search mode)
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Author Topic: "Athens Mulls Plans for New Currency: Greece Considers Exit from Euro Zone"  (Read 1227 times)
GMantis
Dessie Potter
Junior Chimp
*****
Posts: 6,007
Bulgaria


« on: May 07, 2011, 04:20:30 PM »

Not an economist, but withdrawing from the Euro has obvious advantages for Greece as it would permit their currency to devalue to its real value. This is often cited as the reason why Iceland was able to recover faster from the crisis than Ireland.
Of course that would reduce confidence in the Euro, so it's really the other Eurozone members and especially those better of who are so strongly opposed to this.
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