The Modern Greek Tragedy and the Necessary Grexit.

      Аннотация: The depth and causes of Modern Greek Tragedy are highlighted here with supporting references to statistic data. The bad economic condition of Italy, Spain, Portugal, and Ireland is also discussed and additionally it is shown that, the euro zone as whole, lies at the bottom of the world economic growth. The economic catastrophe of Greece is mostly related to the ill functioning of the euro and the hard monetary and incomes policies imposed by the Euro zone. Greece must walk carefully between Washington and Berlin and find the best way out, which is none other than a friendly Grexit and a coordinated transition to the national currency, the drachma. For such a cause, a comprehensive economic and political plan is also presented here.

Ключевые слова: recession, Stagnation, Modern Greek Tragedy, overvalued euro, austerity policies, currency wars