Historically, a small amount of inflation has been beneficial. Nobody likes to take a wage cut. Also, even a small amount of deflation quickly makes debt repa

Historically, a small amount of inflation has been beneficial. Nobody likes to take a wage cut. Also, even a small amount of deflation quickly makes debt repayment unsustainable. It's hard to repay your loan when you're taking in less money. Greece will never get out of this cycle until it's economy picks up.