> Greece does not produce enough stuff that people buy to cover its expenses. It's more complicated than this. The real issue is that Greeks don't control thei

> Greece does not produce enough stuff that people buy to cover its expenses. It's more complicated than this. The real issue is that Greeks don't control their own currency. When a country has its own currency, the balance of trade automatically adjusts with the FX ratio (well, kind of - e.g. Swiss and US currencies are overpriced, because people trust them). If Greeks had Drachma, its value would fall (relative to e.g. Euro), the imports would get more expensive for Greeks and thus decrease, the exports would get cheaper for the world and thus increase, and the balance of trade would return to zero. In EU, Germany and Greece share the same currency, but Germany more than it imports, while Greece is the other way. As a consequence, the German currency (Euro) is undervalued, while the Greek currency (again Euro) is overvalued. If