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How might Greece leave the euro?
Greece's latest woes have raised something that was previously unthinkable - the possibility of the Greek people rejecting the euro. Prime Minister George Papandreou has said that rejection of the bailout would mean an exit from the euro. And the exasperated French leader, Nicolas Sarkozy, told Greeks: "Abide by the eurozone rules or leave." So, for the first time, the subject of a country leaving the eurozone has been raised at the highest levels of the 27-member European Union. With Greece unable to devalue its currency, the country is hobbled with crippling debt payments it can't afford. Many economists (and Greek ... (full story)
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