The PIGS countries would be much worse off outside the eurozone than inside, to see this, just compare the recent economical dips to the massive increase in act

The PIGS countries would be much worse off outside the eurozone than inside, to see this, just compare the recent economical dips to the massive increase in activity following the introduction of the Euro in 2002. And to say that a country without any industry is even remotely in a good position (implied by “beneficial in the long run”) is a rather curious thing, too.