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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (871247)7/8/2015 12:59:39 PM
From: Road Walker  Read Replies (1) of 1576177
 
Now let's be clear: the first year or two after leaving the euro would be complete hell. Unemployment would spike, inflation would too, bankruptcies would spread, and oil might need to be rationed. But that pain would pass, and when it did Greece would be left with a cheaper currency that would make its exports and tourism more competitive. Recovery would follow, and it could follow fast

I think the recovery would be faster... at least if the Greek government got its act together, which is a lot to ask if you've ever been to Greece.
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