tag:blogger.com,1999:blog-3976760253516322294.post8732769330199961218..comments2023-07-16T00:53:00.535-07:00Comments on Bones Economics: Would Greece Be Better Off Leaving the Euro?Ringohttp://www.blogger.com/profile/09506068154852505840noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3976760253516322294.post-81753537523324753812013-02-09T03:58:40.111-08:002013-02-09T03:58:40.111-08:00Devaluating a sovereign country's own currency...Devaluating a sovereign country's own currency is a proven way to make one's exports more cost-competitive to the competition and allows borrowing funds a bit more easier, but the case of Greece and its citizens' lack of confidence of the largely corrupt incumbent government - sticking to the euro could be the only viable option. Ringohttps://www.blogger.com/profile/09506068154852505840noreply@blogger.comtag:blogger.com,1999:blog-3976760253516322294.post-1592722032237192502012-07-13T08:01:09.527-07:002012-07-13T08:01:09.527-07:00A Greek euro exit would cause cross-border payment...A Greek euro exit would cause cross-border payment chaos and Eurozone wide bank runs just to name a few problems. On the first 48 hours of Greece exiting the euro, the European Central Bank (ECB) will be too busy preventing the financial collapse of Spain and other "economically challenged" Eurozone member countries, and will undermine the credibility of the single European currency.Leilahttps://www.blogger.com/profile/16848529011334078685noreply@blogger.com