The governor of the Bank of Greece says the recession has cut Greece’s economic output by 20.1 percent between 2008 and 2012. Earlier this week George Provopoulos says the country is “clearly improving,” but Greece’s economy would remain stuck in recession in 2013.
Alison Johnston is a comparative political scientist at Oregon State University, and studies economics and labor markets in the European Union. She says Greece will only leave the eurozone voluntarily.
“Are countries going to get kicked out of the euro?” Johnston asks. “Whenever I'm asked this question, I like to ask people, 'Well how likely is it that you think that a state like Massachusetts could kick a state like California out of the dollar because California might be borrowing from the U.S. government?'”