Landon Thomas Jr.
NY Times
November 2, 2011
The political upheaval in Athens has suddenly made the once unspeakable — Greek debt default — a distinct possibility.
So now it is time to ponder the once unthinkable: that Greece might end its 10-year use of the euro and return to its former currency, the drachma.
Such a move is still officially anathema in Athens. But a growing body of economists argues that it would be the best course, whatever the near-term financial and economic implications. And now, with a referendum on the European-led bailout facing Greek voters, a vocal minority that has long called for a return to the drachma might find itself with a growing group of listeners.
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