Summary: Could the Greek crisis spell the end of the Euro? No way, says Berkeley economist Barry Eichengreen. Eichengreen, says that if the Greek parliament were to even discuss the possibility of going back to Greece's old currency, the Drachma, it would send people running from Greek bonds. Eichengreen's got plenty more to say about the Euro. He argued recently that European countries should put in place a system for Euro-zone bailouts, complete with "temporary control of the national budget by a committee of 'special masters' appointed by the European Union." (Somehow, this idea seems unlikely to gain much traction with European governments.)
