There seems to be something universal about the human fascination with disaster. Although everyone decries those who slow down to look at an accident on the highway, it is probable that everybody has done it. So it is only natural that the ongoing crisis and drama in Greece captures a lot of attention over here. This isn't just about voyeurism, though, as the ongoing crisis may well have long-term ramifications on your retirement. (Find out how to determine whether you're on the path to a comfortable retirement , or financial ruin. See Will Your Retirement Income Be Enough?)
Defaulting to an Older Europe?
Greece has not been kicked out of the euro yet, and nobody seems to be seriously discussing the idea of Greece withdrawing (or being forced out). Nevertheless, it cannot be excluded as a potential outcome. Greece may find that the cost of staying in the currency union is just too high and unpalatable for its people and may feel that going back to the drachma, and the ability to devalue/depreciate the currency, is too useful to ignore.
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