Greek Crisis: Yes still to Euro! No to Greexit!

I am against Greexit! This is purely a cost and benefit analysis. The current situation hinders Greek macroeconomic situation (The volume and the climate control of economy). But, Greek will certainly lose her microeconomic advantages (international trades of the currency exchange and tariff"e and of labour and capital) after leaving from both the Euro and the Maastricht treaty.

My research has already shown that the business cycle of Greece is highly correlated to the entire Eurozone counterpart which implies that the international trade frequency between Greek and the rest Eurozone is high. This means that Greexist will definitely impact on the microeconomic situation, and the macroeconomic condition is still heavily influenced by the Eurozone performance even in the aftermath of Greexist.

↓ My econometric analysis ↓