skip to navigation skip to content

Yahoo! News: The drachma could be coming back. And Greek businesses are worried

Greeks are getting ready for Sunday’s referendum where they’ll decide the future of their country. Business owners are struggling to operate and are worried that Greece might ditch the euro for the drachma. Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge Judge, comments on Greece’s situation and the eurozone. “Staying in the eurozone may mean very sluggish growth for 15 years and high unemployment. Although there will be a lot of turmoil, I think that is the price to pay,” he says.

Read the full article []