Should the Greeks pack up and leave the Euro?

[youngmafbog]

A second deal for the Greeks has been bashed out, but with new austerity measures and effectively a cutting of soveignty will the Greek people actually buy it. On top of this with the private bond holders taking a 55% 'haircut' it is extremely unlikely the Greeks will be able to get Credit outside the EU. They also have to pay back the debt into an Escrow account before spending on hospitals etc.

It smacks to me like this was struck to protect the Euro not for the benefits of the Greeks. I personally cannot see that lasting.

[jno]

belated thanks for the answer, rojash.

rov, there was a big influx of Poles here a few years ago. What is less reported is the large number who went back home again as job prospects there began to improve. That's what freedom of labour movement is all about. They came here to work; they're going home to work some more. Expect the Greeks to do the same when they can.