Best of all, Mr Simitis has almost achieved his aim of steering Greece's drachma into the euro zone.
Argentina never stopped using the peso, but Greece discarded the drachma.
By voting in a government that keeps Greece in the Euro, the jarring dislocation of returning Greece to the Drachma that would have followed a leftist party victory has been delayed.
Having Greece return to the Drachma and defaulting on their debt through devaluation and money printing is a much worse option.
In the campaign, Mr. Samaras sought to turn the elections into a de facto referendum on the euro, saying a vote for austerity opponents Syriza would be tantamount to voting for a return to the drachma, Greece's former currency.
Economists at National Bank of Greece, an Athens lender, predict that, if Greece returns to the drachma, incomes will fall by at least 55%, bank lending rates would reach 37%, output would plunge by 22% and property values would fall by half.
Greece could revert to the drachma -- the currency it had before entering the euro in 2001 -- but there is also speculation it could operate with a Greece-specific euro until a full switch can take place.
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Germany could go back to the deutschmark, but Greece cannot go back to the drachma.
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That is so because while Greece may re-introduce the drachma, the debt its government has raised and that it cannot repay in full is still denominated in euros.
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Considering a popular option among the commentariat that Greece ditch the euro in favor of the drachma, it would be hard to think of a more dangerous idea.
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This is purely hypothetical, because Greece uses the euro and cannot go back to the drachma even if it wanted to.
With Greece threatening to collapse, as Finance Minister Evangelos Venizelos has made clear, European banks, particularly in France, have begun stockpiling dollars, putting upward pressure on the currency. (Read Roubini: Greece Should Default, Leave The Euro And Reinstate The Drachma).
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The third alternative is for Greece to leave the currency union and then devalue the New Drachma.
The only solution, Roubini believes, is for countries like Greece to leave the Eurozone and engage in a real depreciation, ala Argentina, to restore productivity, as I reported a few months ago. (Read Greece Should Default, Leave The Eurozone, And Reinstate The Drachma).
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Greece will exit the Eurozone and return to their former currency, the Drachma.
This solution of last resort would allow member countries such as Greece or Spain to introduce a new local currency the new drachma or the new peseta, for instance.
Taking Greece out of the euro would force it to adopt its old currency again, the drachma.
The country would almost certainly reintroduce the drachma, which would devalue dramatically and quickly, making it even harder for Greece to repay its debts, and setting an even worse precedent.
He also warns that if Greece were to quit the euro and return to a national currency, such as the drachma, the move would result in years of turmoil and cost money the nation does not have.
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Because the Drachma will fall in price rather sharply these products will shoot up in price and make Greece an uncompetitive market for tourists.
Tour operators and economists recommend that travellers visiting Greece should take extra cash in euros, just in case the country leaves the eurozone and returns to the drachma in an effort to regain control of its currency.
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