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"Without the Euro, the greek central bank could have increased inflation and downvalued the Drachma, so the government could spend, spend, spend. " Would that
by jonhendry18 8y ago
"Without the Euro, the greek central bank could have increased inflation and downvalued the Drachma, so the government could spend, spend, spend. "
Would that work for Greece, or would it just become hyperinflation?
- RobertoG 8y agoLuckily we have some data about that. Was Greece growing more or less in average before the Euro? Did they suffer hyperinflation before the Euro? Is the current Greek economy healthy with the Euro constraints? Has it improved with the "austerity" imposed?
- growlist 8y agoIt seemed to work for many years before the Euro