Should Greek exit Eruozone to streamline its economy?

India
June 28, 2012 1:02am CST
Greek continues facing economic crisis. Now there are two options before it: adopt greater cost cutting or exit from Eurozone. What may be better options for Greek?
1 response
• Australia
28 Jun 12
Conventional economic wisdom is that austerity is the answer, but I firmly believe that Greece should default, return to the drachma, and print as much money as is necessary to get their local economy back in order. The great panacea Globalisation has turned out to be pretty terrible; hopefully Pandora's Box can, in this instance, be closed again, but most of the world will fight tooth and nail to prevent Greece taking such a step: This really would be a domino collapse if they do it, the rest will fall behind them. No pain, no gain. Lash