4 ms·
Drop the Euro, devalue, re-adopt the Drachma, exit the single market currency and agree to more flexible debt repayment terms whilst not dictated to by the Troi
by vegancap 11y ago
Drop the Euro, devalue, re-adopt the Drachma, exit the single market currency and agree to more flexible debt repayment terms whilst not dictated to by the Troika. Obviously Greece will still have to make repayments, they'll be more on their terms, rather than the ECB's.
With the devalued drachma restored, the tourist sector will boom, and their exports will improve drastically. Subsequently their GDP will rise and they'll be in a better position to make repayments to its creditors. Without exposing further risk to surrounding Med member states who are not much stronger at the moment.
Individuals should convert their euro's into bitcoins or other, more stable, flexible assets to use whilst this happens and until the Drachma stabilises.
At this point either path will be a long and difficult one, but I think there's light at the end of the #Grexit path.