الرئيسية » أرشيف الوسم : Portugal

أرشيف الوسم : Portugal

Why Greece will have to exit the eurozone

615439-greece-financial-crisis

By: Jonathan Cook I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against …

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