Putin says what all Greeks think: “Greece should return to the drachma”

In a meeting at the Valdai Club, Russian President Vladimir Putin spoke about the Greek economy and how Greece can go back to normalcy.
“Greece should at some point consider returning to the drachma or at least to a national currency, so that it can develop and not leave these efforts on its shoulders people”. Said Putin. A national currency rather than the Euro, would allow Greece to control what it does with its own money, and not be under the rules of the EU. Putin continued by saying, “Probably at some point, having the drachma, a national currency, would be appropriate, because it would be possible, at least with the help of inflation, to somehow regulate social processes, to get rid of social tension, to don’t shift everything to the shoulders. of the population, all the difficulties associated with economic development.
Many of today’s economies, for various reasons, due to their obligations under economic unions, military-political alliances, have voluntarily relinquished part of their sovereignty and are unable to make decisions either in the field of the economy or in the field of economy… Area of ​​ensuring their safety. This is the dominant choice of each state on how to build its economic policy.
Changing the currency of the nation, and leaving the Euro, will cause some inflation issues for Greece. But that is not the worst idea, because even now under the Euro, Greece’s economy is worse than it was before 2009. So inflation from a new Greek currency will only have issues for a small time, and in the end will fix a lot of things. Ever since Greece joined the Euro, our economy has been bad. The rest of Europe has a higher purchasing power than Greece, and a large part of the population is leaving the country just to find work elsewhere. Greece will never truly fix itself if its population keeps getting smaller. Putin says that maybe not today, but in the end, Greece at some point WILL return to the drachma. Transitioning back to the drachma could potentially enable Greece to regain monetary sovereignty, allowing it to tailor fiscal policies and interest rates to better suit its economic conditions. Over time, this might lead to improved competitiveness of Greek exports due to a potentially weaker currency compared to the Euro. However, the initial period of adjustment could be turbulent, with possible capital flight and financial instability, thus requiring careful planning and support from international partners to ensure a smooth transition. Returning to the drachma could offer Greece the flexibility to devalue its currency, making its exports more attractive on the international market and potentially boosting the tourism sector. Additionally, having control over its monetary policy would allow Greece to implement interest rates that are more aligned with its domestic economic needs, potentially fostering growth and reducing unemployment. Furthermore, the ability to print its own currency could provide Greece with tools to better manage economic crises, leading to a more resilient economy in the long run.
Of course, in the end, the first thing Greece needs is a proper government. Not traitors in power such as ‘New Democracy’ under Mitsotakis, or the socialist fools who got us into the Euro from the beginning, PASOK. The only political party in recent years that has called for a return to the drachma, was the right-wing Golden Dawn party. But unfortunately, the party is illegally put in prison.

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