OPINION

Drachma is no solution

Greece stands at a crucial crossroad: It can either put its affairs in order or go bankrupt and return to the drachma. A powerful alliance in favor of the latter has risen. It comprises old-style unions, state-supported businessmen with no desire for rationalization, bankrupt business owners who see this as a means of hiding their failures, anti-European powers of the left and the populist right, some media and, finally, hardcore PASOK politicians who are after maintaining power at all costs.

Standing opposite this alliance is a government with a leadership deficit and a panicked political body. Is the country going to be destroyed to satisfy the interests of PPC?s worker union and goldbugs waiting for it to fold? Will someone explain to the people that the drachma will lead to poverty and not to redemption for the average Greek? We cannot allow a combination of powerful interests and ineffectual leadership to lead us to a national disaster.