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Monday, February 27, 2012

Should Greece Leave the Euro?

The Economist Magazine has posed the question, or very real possibility depending on how you read into it, of Greece leaving the Euro. Should it happen?

If Greece leaves, it will gain its sovereignty back and be able to control its own destiny, but its currency won't be worth much because of the debt it leaves to themselves and creditor countries. On the other hand, if Greece stays, and is able to pick itself back up, it just might be good for the world economy.

Either way the Greek people will probably lose. You don't austere yourselves back to ancient Rome (actually, not fair, the economy was good then) and hope to come out back on top later on as if nothing happened. You're living in a fantasy world if you believe that's the case.

The Greeks have already given into such heinous demands placed on them by the whole of Europe that, in the end, not much will matter. Exports can rise but the price of goods will probably not match the needs of the economy altogether.

The Economist argues they should leave the eurozone, but will it really matter in the end?

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