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National Bank of Greece S.A. Message Board

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  • supor450 supor450 Sep 28, 2010 11:44 PM Flag

    why grease may drop out of euro union

    Bear in mind that even if Greece could exit Euroland and revert to the drachma, its sovereign debt which is denominated in Euros would become an even greater burden given the depreciated drachma.

    On the other hand, if it chose to default on its debt, it would not be able to borrow for a very, very long time, e.g., how long is your memory?

    The only sensible thing, for Greece as well as Euroland, is if the Eurounion is preserved. The difficulties ARE SURMOUNTABLE.

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