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The Inquiry: Would Greece Be Better Off Out of the Euro?

Euro Graffiti cropped.jpg

23/06/2015

Would Greece Be Better Off Out of the Euro?

BBC World Service - The Inquiry, Would Greece Be Better Off Out of the Euro?

Exploring the possible economic and political consequences of a Greek eurozone exit

Some in Greece’s governing Syriza party think the country might be better off going it alone, and returning to the drachma.

Despite the tense and increasingly bitter negotiations between Greece and its European creditors - who the Greek government accuse of demanding intolerable austerity – most Greek people want their country to stay in the euro currency union. But there are some, including within the governing Syriza party, who think Greece might ultimately be better off going it alone, and returning to the drachma. There would be serious pain, no doubt. But, in the longer term, might Greece be better off out of the euro? 

(Photo: A man walks by a zero Euro graffiti.Credit: AFP/Getty Images)

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