My understanding is that Greece is different because they don't have their own currency. The real cure for unemployment and low production in Greece is a decre

My understanding is that Greece is different because they don't have their own currency. The real cure for unemployment and low production in Greece is a decrease in real wages, which happens very slowly without higher inflation or a fall in the currency (these are basically equivalent, but that's not especially obvious so I'll be redundant). Since they use the Euro, Greece can't choose either policy, hence a long and deep slump. Intl macro isn't really my field, so there may be errors in that description.