Grexit is not a solution

On paper, it's easy. But what about the people and the social cohesion of the country?

Flickr Photo: Dierk Schaefer
There's an argument that Greece's exit from the euro does not have to mean departure from the EU. Incorrect, says Ioannis Petsilas.
Ioannis Petsilas
Published: Thursday, 07/16/2015 8:32 pm EDT
Last Updated: Tuesday, 07/21/2015 7:18 pm EDT

A minority of international analysts support the idea that Greece's exit from the euro might be the best path forward. They propose this like an exercise on paper, refusing, or purposely omitting, the most important factor: the people and the social cohesion of the country they call upon to abandon the relative security of a monetary union.

If you are already a subscriber

Subscribe to Embassy

Subscribe to the print and electronic editions and get instant access to Embassy online.


Sign up for a free trial

For access to the website.



This Week's Issue
policy briefings