> I cannot understand why people like Krugman and most of the other economists don't bring up this point when raising issues like "it would all have been fine i

> I cannot understand why people like Krugman and most of the other economists don't bring up this point when raising issues like "it would all have been fine if the Greeks had stick to using their own currency". I believe this is simply a case of omitting the obvious. The people who most emphasize the importance of a sovereign currency do point out the importance of not taking on debt that is denominated in a foreign currency. It's just that if you write all the little caveats and conditions in there all the time, the end result becomes unreadable.