Goldman Sachs on why Greece can’t just print drachmas

The Goldman Sachs investment group has published an analysis explaining that the recent agreement between Greece and its…

The Goldman Sachs investment group has published an analysis explaining that the recent agreement between Greece and its creditors for a mutually-accepted solution was a rational decision.

According to the article entitled “Why Greece Can’t Just Print Drachmas”, the recent exacerbation of the macroeconomic situation in Greece means that the risk of an accident remains.

Furthermore, the article stresses that it would be almost impossible for Greece to issue a new, sustainable currency, due to the fact that a possible default would not result in a debt write off.

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