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| − | Interesting article, with many areas to consider. One thing immediately comes out: the same reforms are needed in or out of the euro, hence the only reason to implements them outside is out of social and political immaturity. Of course this is defining characteristic of Greece.I have two questions I would like to pose as your expertise in economics exceeds mine:1. Can’t the Eurozone push Greece out in a much simpler way? The next time there’s a negative reaction to the reforms package in Greece e.g. By the left wing Syriza party should they come to power, they find the country n breach of the bailout contract and arbitrarily terminate financing effectively forcing a bankruptcy. This may seem extreme but it may become politically acceptable soon.2. Does Greece need to reissue drachmas or whatever ? Can it not continue using the euro even if it leaves the Eurozone like Montenegro etc? Would that not be just as well since it would force fiscal discipline and avoid the complexities of introducing a new currency underwritten by a failed state, hence worthless…Looking forward to any comments you may have.
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