Vlachopoulou, Alexandra - 2015
euro zone in the face of unsustainable debt problems, given the fact that the EMU lacks a fiscal union. Concerning Greece …-sheet effects upon a devaluation of the drachma. This paper explores what effects a euro exit would have on Greece's economy and … currencies. In this paper, Greece is considered an EME as well, and is therefore very comparable to the above examples. The Greek …