Introducing a series of articles titled crisis busters
we start of today with the debt crisis and whether or not Greece should get out of the Euro.
The answer is a clear cut and straight NO because
1. looking at the global economy Greece is nowhere near to compete developed economies such as the US, Japan, Germany thus even with a weak currency against these major countries they donlt have the resources to be competitive. Only advantage will be from tourism.
2. Since they depend on importing fuel for energy consumption the cost of energy will rise as a weak currency will be costing more to buy in Dollars or even Euros.
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