When Greece had its own currency, it could devaluate... but that that would keep people employed doesn't follow. Back when the Greek had the Drachma, the the G

When Greece had its own currency, it could devaluate... but that that would keep people employed doesn't follow. Back when the Greek had the Drachma, the the Greek state had to pay high interest on its debt, and part of the reason for that was the possibility of a devaluation. The high cost of debt service was a burden on the economy, including on employment.