Sunday, April 11, 2010

Greek Woes Raise Eurozone Questions

The article brings up and analyzes different options which Greece may have in order to improve its domestic situation. Some of the options include "taking a 'Europe holiday'", whereas someone suggested Greece operating "parallel domestic and international currencies".

Departure from the eurozone is, technically, possible. However, the article argues, it would be least favorable option for Greeks themselves as well as the investors in the country who would suffer most immediate losses, so they may end up leaving. Especially taking into consideration the fact that the previous Greek currency was not ever as strong.

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