Would you advise Grexit or not? Why or why not? (20 marks)

Would you advise Grexit or not? Why or why not?

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Grexit means Greek Exit ,that is when Greece takes out his hands from eurozone and brings back Drachma as it's currency and stop using Euro.People did feel that that withdrawal from eurozone would help Greece to come out from the debts.
GREXIT should be applied and it can be the solution to country's debt problem and it will encourage the investment from overseas and would increase the tourism from other countries of Europe.Once the euro will be stopped as a currency and Drachma will be used a currency then it will surely help the Greece to recover from the bankruptcy.As Drachma is devalued ,it will encourageurage the investment from overseas and will make Europeans to visit Greece more at a cheaper prices and eventually more expensive euros will come in the economy of Greece.This way when country will have more euros ,it will help people to increase their standard of living and offcourse Greece would be able to come out from debt.

Rahul Sunny answered 1 month ago

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