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Bilifuduo (98.18)

Will Greece Revert to the Drachma?

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January 05, 2012 – Comments (2)

http://seekingalpha.com/article/316887-will-greece-revert-back-to-the-drachma

2 Comments – Post Your Own

#1) On January 05, 2012 at 6:14 PM, leohaas (35.73) wrote:

Yup, they should. At the very least, they then control their own currency. It will like lead to a default of Greek debt, but that is going to happen anyway in some form.

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#2) On January 05, 2012 at 6:23 PM, DJDynamicNC (41.94) wrote:

It's a distinct possibility. It would give them a much better position, economically speaking, for dealing with the recession if they could let their currency depreciate against the Euro (or the Deutschmark and Franc, if it comes to that).

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