Quote:
Originally Posted by tweetiepooh
So Greece can return to a situation where if they need foreign money, they devalue their currency, get lots of tourists bringing lots of nice mullah. Most transactions in cash so the people keep the money, spend it locally and eventually it all works it's way out.
Being in the Euro prevented them doing that so as a Mediterranean nation with a very different outlook and economy to countries in the North they got really stuck.
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True, but it's not as simple as that. Greece imports a lot of stuff, notably pharmaceuticals, and while they spend years slogging away to rebuild their economy, all of those things, valued as they are in Euros, Dollars or Pounds, will become horrendously expensive.
I think exiting the Euro is the way to go, but it will by no means be easy or painless.