OK but if you look at how it works, doesnt Greece obtain euro's by exporting?
Thats how it works yeah? a country exports to gain credit from other countrys so it can import. in europe they are keeping track of this using euro's.
So greece has been borrowing euro's but not exporting enough to bring euros into the country to collect in taxes to pay back.
There for its at a point now where they cant pay the euos back because they are not generating and exporting wealth to convert to euro's.
there for keeping them in the euro is pointless because why would you give them your euro's when you are not going to ever get anything in return, you would rather trade it with a country you do get something back.
So essentially the ECB is there for printing money which it lends to a country it knows it will never get back.. that ruins your currancy.
I cant see how they can stay in teh euro, not unless they start manufacturing and exporting and drasticly boost their employment levels to generate tax revenu
