Tuesday, May 15, 2012

How would Greece leave the euro?

A "drachma" is an ancient Greek currency unit and translates as a "handful", which is a lot less than what Greece will need to pay off all its debts.


For two years, everyone has been asking what would happen if Greece left the euro and went back to the drachma.
Now that time may be upon us.
With Greece unable to devalue its currency, the country is hobbled with crippling debt payments it cannot afford.
Even though it has cut its debt in half, Greece has been subject to much social unrest as five years of recession and bailout-imposed spending cuts have bitten hard.


Greece is a victim of stocks markets, the people of Greece there are suffering a lot because a lot of people haven't got money for eat or for live in a house.


In my opinion now it's the time for ban stock markets because makes suffer a lot of innocent people when there are people that is winning a lot of money.


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