Costas Lapavitsas

Dracma or euro? (1)

It is in Greece’s interest to leave the euro

Greek politics is splitting into two camps to contest the coming election, one led by the rightwing New Democracy, the other by the leftwing Syriza. Both insist Greece must stay in the eurozone, even though New Democracy accepts the bailout programme, while Syriza rejects it. Yet harsh reality is now imposing itself. If Greece stays in the eurozone, it will die a slow death. If it leaves, it will go through a crisis, but will also have the opportunity to recover and reshape its society.