<p>There´s several possibilities, but they are all speculative. </p>

<p>My guess is that its not too hard to tell a story like this one: They could leave the monetary union, declare all local deposits and debts to be in drachmas and then move on, printing drachmas and taking them in for tax payments. Later on, when the economy is growing and the fiscal deficit has become manageable, they would apply to be part of the Eurozone again.</p>

CC BY-SA 3.0
2016-07-26T02:24:30.543Z
2016-07-26T02:24:30.543Z
Fix.B.
<p>This is discussed on Wikipedia at the Legal environment section of this article :
<a href="https://en.m.wikipedia.org/wiki/Withdrawal_from_the_Eurozone" rel="nofollow noreferrer">Withrdawal from the Eurozone</a></p>

CC BY-SA 4.0
2020-05-05T17:43:34.983Z
2020-05-05T17:43:34.983Z
Zoltan
<p>Amongst the negotiations between Greece and the Eurozone leaders, there currently exists the possibility of Greece leaving the Eurozone for five years.</p>

<p>Does this imply Greece would have to use a different currency for only the next five years?</p>

CC BY-SA 3.0
2016-06-04T08:43:53.747Z
I'm voting to close this question as off-topic because it seems to be more about international law and politics than it is about economics.
Giskard
CC BY-SA 3.0
2015-07-13T02:27:13.167Z
That's a great question. The idea that a country would "temporarily" leave a currency union with a set reentry date is without precedent, no one has suggested how this would work in practice, and the idea is against EU law:  http://www.reuters.com/article/2015/07/13/us-eurozone-greece-idUSKBN0P40EO20150713
dismalscience
CC BY-SA 3.0
2015-07-13T07:25:46.390Z
I find that this question is very speculative. It is about a suggestion that not all Eurozone members thought legally possible and I don't think a lot of details were released. My guess would be "yes" but I doubt that anyone can do more than guess.
In the time since the Eurozone members agreed on something else so we will never know.
Giskard
CC BY-SA 3.0
2015-07-13T08:44:32.053Z
I voted to close this question as this is more a question of law and maybe political sciences than economics.
The Almighty Bob
CC BY-SA 3.0
2015-07-13T09:08:30.940Z
I seriously doubt this was considered as a real possibility by anybody who understood anything about the monetary system.
Lumi
CC BY-SA 3.0
2015-07-14T05:44:38.897Z
Well, would they be motivated to stay with "us"? Err, would they join the BRICS?
Dio
<currency><law><euro-area><greece>
How would Greece "temporarily" leave the Eurozone?
Nixu
# How would Greece "temporarily" leave the Eurozone?

(Asked by: username_0 on 2015-07-13)

Amongst the negotiations between Greece and the Eurozone leaders, there currently exists the possibility of Greece leaving the Eurozone for five years.

Does this imply Greece would have to use a different currency for only the next five years?

**Tags:** currency, law, euro-area, greece

> **Comments:**
> **username_2**: That's a great question. The idea that a country would "temporarily" leave a currency union with a set reentry date is without precedent, no one has suggested how this would work in practice, and the idea is against EU law:  http://www.reuters.com/article/2015/07/13/us-eurozone-greece-idUSKBN0P40EO20150713  
> **username_1**: I find that this question is very speculative. It is about a suggestion that not all Eurozone members thought legally possible and I don't think a lot of details were released. My guess would be "yes" but I doubt that anyone can do more than guess. In the time since the Eurozone members agreed on something else so we will never know.  
> **username_3**: I voted to close this question as this is more a question of law and maybe political sciences than economics.  
> **username_4**: I seriously doubt this was considered as a real possibility by anybody who understood anything about the monetary system.  
> **username_5**: Well, would they be motivated to stay with "us"? Err, would they join the BRICS?  
> **username_1**: I'm voting to close this question as off-topic because it seems to be more about international law and politics than it is about economics.  

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## 2 answers

### Answer by username_6 on 2016-07-26. Score: 1

There´s several possibilities, but they are all speculative.

My guess is that its not too hard to tell a story like this one: They could leave the monetary union, declare all local deposits and debts to be in drachmas and then move on, printing drachmas and taking them in for tax payments. Later on, when the economy is growing and the fiscal deficit has become manageable, they would apply to be part of the Eurozone again.


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### Answer by username_7 on 2020-05-05. Score: 0

This is discussed on Wikipedia at the Legal environment section of this article :
[Withrdawal from the Eurozone](https://en.m.wikipedia.org/wiki/Withdrawal_from_the_Eurozone)


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