Someone Will Fix It

It appears that the peoples of Greece want their leaders to use magic wands to get rid of extensive problems in Greece. According to NPR, "Most Greeks want to keep the euro as their currency. Most also want to cancel the eurozone-imposed austerity measures that come with the billions in international bailout loans keeping the country solvent." It is commonly believed in Greece that the Greek people are sacrificing much while Europe sacrifices little. Of course, Greece is the nation that had a retirement age in the 50s; there is much that needs to be "sacrificed" there, and elsewhere. There appears to be a mentality of "someone will fix it eventually, without any spending cuts." Yet despite Greece threatening to leave the Euro for the Drachma (which could cost up to a trillion dollars), and despite Greece's continued problems (like the common belief that austerity measures are an attack on Greece by greedy capitalists; that sounds eerily like Soviet Russia), other European leaders want to keep Greece on the Euro, despite the tiny size of Greece's economy in relation to the total Eurozone economy. The effects of Greece leaving the Euro, according to major banks, would most likely be horrendous. Greece's economy could experience something similar to America in the Great Depression; of course, that would spread much less than America's downturn. Unemployment in, and around, Greece would rise, potentially to the highest levels seen in fifty years. And the use of the Drachma would in itself cause huge problems, given how weakly it would be valued; money may have very little value in Greece for an extended period of time. And due to fears over what the government will or will not do, about a billion dollars a day are being withdrawn from Greek banks, in a sort of slow bank run (some call it a bank jog). It appears that the future of Greece is going to involve some major problems.