Greece may find solution in internal devaluation

Greece and other troubled Euro Zone economies will face long period of recovery even if they succeed in debt restructuring. The prospects of staying in the Euro Zone appear so dismal that they would better exit the common currency union even despite exorbitant leaving costs. Fiscal devaluation looks more preferable than remaining in the Euro Zone as it would give country control over monetary policies and budget deficits that may help the country to restore competitiveness and solve financial difficulties in the long run.