Is Greece trapped in the eurozone?

Political instability in Greece and a further worsening of the banking crisis in Spain recently sparked a new wave of the European debt crisis. The possibility of Greece leaving the eurozone is now openly discussed in political circles. Banks and enterprises have prepared emergency plans for the so-called ‘Grexit’. This article analyses the problem and implications arising from the adoption of a new Greek currency. Surprisingly, these could lead Greece back to the euro.   

Read the full blog post here

Source: http://www.iea.org.uk/blog/is-greece-trapped-in-the-eurozone

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