Greece Euro Exit Would Prompt Greeks To More Than Half Their Income: Report

Nonsense, would the Drachma be worth less than the Euro? Absolutely, but regaining control of their own monetary policies would allow them to get the nation back on track. In the short run it will be harsh, to be sure, but the long term benefit of the Greeks being able to chart their own economic destiny will offset any initial pain.



And I see another opportunity for Greece, for when it exits the Euro Spain, Portugal, Italy, Ireland, and perhaps even France will follow their lead. All of these nations are way over their head and would benefit from regaining control of their individual monetary policies. I can see how a bloc of "EU Pariah States" could form a trading bloc amongst themselves to provide economic activity for one another.



These are just scare tactics directed at Greece, better short term pain than long term status as indentured servant to the ECB.
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