Greece’s Future In The Euro At Stake

Greece’s Future In The Euro At Stake

Greece’s future in the Euro is at stake, and without an extension they would have a problem paying their bills and may not have any other option then to print their own currency.

“The new left-wing Greek government says austerity is killing the country’s economy, and simply extending the European bailout loans under existing conditions will be counterproductive.”

Some believe that it may be good for Greece to exit the Eurozone, but Hans-Werner, president of Germany’s Ifo Institute for Economic Research, believes that staying out of the economy to long, while living on other countries resources does not allow Greece to remain competitive.

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