Some economists believe that if Greece had its own currency, it would not have been as vulnerable to a financial crisis as was the case with being in the Eurozone.

Question

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Having its own currency would have allowed Greece more control over its monetary policy, including the ability to devalue its currency to boost competitiveness and adjust to economic shocks, which is not possible within the Eurozone where monetary policy is centralized.

Some Economists Believe That If Greece Had Its Own Currency