Comment Re:Outside help (Score 1) 431
The big problem is that it prevents national economies from doing what they need to do in order to survive. If Germany was on marks, and Greece was on drachmas, we'd have seen the mark become worth more and more drachmas, and this would have allowed the economies to balance. Greece would attract German tourists, since their marks would go farther, and export more and import less. This would mean that Greece would go through a period of poverty, but it wouldn't distort the Greek economy. That would work.
By mandating the same currency, without having more of a financial union, Greece lost an invaluable tool in managing its problems.