According to this article Greece will be leaving the euro soon.
http://rt.com/news/greece-bailout-euro-crisis-197/
But while Greece has been accused of blackmailing Brussels with the threat of insolvency, Johan Van Overtveldt, editor-in-chief of Belgium's Trends and Knack magazines, told RT Athens really has no other choice.
“It’s a kind of blackmail – give us more money or we exit and you, the remaining countries in the eurozone, risk some kind of chaotic situation. But the other fact is that they really are at the end of the road – there is no other option left for them. They are in a deadlock, they cannot rewind the Greek economy and so they are facing a big, black hole.”
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However, while Bank of Greece governor George Provopoulos told a local newspaper last week a return to the Greek drachma “would mean real hell” for the country, Overtveldt says it is the only way Greece can really get back on track.
“I think even he [Greek Prime Minister Lucas Papademos] now has to concede that Greece’s problems can’t be solved by going down the road of structural reforms that need to be done anyway. They take time to take effect and Greece doesn’t have that time left,” he said.
“The problems are so severe, the recession is so deep, that you need a kind of shock treatment. Of course, exiting the eurozone would be that kind of shock because amongst other things, that would mean immediately a greatly devalued currency – the new drachma – which would bring back international competitiveness to Greek companies.
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