If Greece was kicked out of the EU, would that save the dying Euro?

[Mr Khan]

Ka-pi96 said:

Mr Khan said:

Ka-pi96 said:
That would be a pretty bad idea really. It would completely destroy Greece and it would probably damage the Euro in every other country as well.

It wouldn't destroy Greece. Greece is running a budget surplus at the moment, the result of the crippling austerity programs imposed from Brussels. Greece would get really messed up, but not destroyed. Their problem is the existing debt, which honestly needs to be written down.

It would certainly damage them a great deal. They'd have to come up with their own currency really quickly and get it into circulation and trade it for peoples Euros fast. There would no doubt be a lot of people trying to get all their money out of the banks before such a changeover happened, so they could get more favourable rates, which would really not help.

Right, but the difference between now and 4 years ago is that it would be a solvent government working to establish these things, not an insolvent one.