why might Greece want to drop the euro and return to its own currency?
why might Greece want to drop the euro and return to its own currency?
Homework Answers
Exiting from euro and returning to its own currency would help Greece achieve export-driven growth. If Greece had its own currency, it could devalue the currency and make exports more profitable. Therefore, a devalued currency would help Greece produce and export more. This would help Greece increase its aggregate demand, real output, and GDP and reduce unemployment level. This would have helped Greece come out of its crisis.
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why might Greece want to drop the euro and return to its own
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question 2 and 3 only please
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The Greek Crisis: Tragedy or Opportunity Case Objectives Greece suffered from the highest debt to GDP...
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question 2 and 3 only please
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