In: Economics
Would you advise Grexit or not? Why or why not?
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.