25 Life Changing Scenarios That Could Become Our New Reality If ‘Grexit’ Occurs

The chances of Greece leaving the euro zone on Sunday-just a few days before the deadline for keeping the country in the nineteen-nation bloc-is currently is a real possibility, and the stability on a political and economic level seems to be more fragile than ever before. The European Central Bank has insisted since the beginning of the Greek crisis that membership in the currency bloc is irreversible but recently a change of mood has become palpable among policymakers. So what happens if Greece does indeed become the first member state to leave the euro zone this Sunday (in an event currently known as ‘Grexit’)? That’s a great question and we are glad you asked it! Here are 25 Life Changing Scenarios That Could Become Our New Reality If ‘Grexit’ Occurs.

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25

Unemployment in Greece is the highest in the euro zone even after six years of austerity. However the current 25 percent rate would be nothing compared to what would follow in the first year after the so called "Grexit."

Source: ekathimerini.com, Image: en.wikipedia.orgSource: ekathimerini.com, Image: en.wikipedia.org
24

Inflation would rise dramatically but-according to Capital Economics and Oxford Economics-would only be temporary and with a new currency the country would benefit in the long term.

24Source: Financial Times, Image: en.wikipedia.org

23

Greek exports would be cheaper to purchase and, in the long run, more goods and services may be sold to foreign countries.

23Source: The Telegraph, Image: en.wikipedia.org
22

Nevertheless, according to Barclays, a sudden economic crisis would lead to social unrest with violent riots in the streets of Athens.

Source: barclays.com, Image: en.wikipedia.orgSource: barclays.com, Image: en.wikipedia.org

21

And according to many economists and experts it would be the first time a developed country would enter into a developing country zone.

Source: barclays.com, Image: flickr.com, Photo by Lefteris HeretakisSource: barclays.com, Image: flickr.com, Photo by Lefteris Heretakis


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