Australia

Details

  • Service: Advisory, Management Consulting, Economics, Topics, Economic Trends
  • Type: Business and industry issue
  • Date: 7/11/2011

The Edge – Economics Newsletter

The Edge – Economics Newsletter
Our quarterly economics newsletter includes in-depth focus articles on current economic and demographic issues as well as an economy update.

Should Greece return to the Drachma? 

In light of continuing turmoil, KPMG's Nicki Hutley discusses the possibility of Greece's return to the Drachma.
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Key points

  • While a complete exit from the European Community would create more problems for Greece than it would solve, leaving the Euro is definitely worthy of consideration.
  • There are two real scenarios for Greece’s debt: it will either be partially repaid over an extended period of time or, it will be written off in entirety.
  • With countries such as Italy and Portugal in similar predicament, a swift resolution is paramount.