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What is the harm of Greece leaving the euro zone?

Greece's exit from the euro zone will be affected first by its own economy. Daniel Gross, director of the Center for European Policy Studies, said that once Greek banks and enterprises leave the euro zone, international financing will be cut off immediately. At that time, the Greek government will have to print new money to pay wages and pensions, which will lead to currency depreciation and hyperinflation.

In addition, the outflow and shortage of funds and the collective migration of Greeks will become common social problems, affecting Greece and other EU member States. Since currency devaluation cannot solve the basic economic structural problems, Greece will still carry out painful reforms and face the negative effects brought by fiscal consolidation.

From an economic point of view, Greece's Britain's withdrawal from the EU will make its euro zone creditors face huge economic losses. In addition to paying billions to tens of billions of euros in guarantees to rescue Greece, they also need to inject more funds into banks to stabilize the financial system.

From the geopolitical point of view, Greece's potential political instability and deeply divided society will have a great impact on the already unstable regions. Previously, the conflict in the Middle East escalated, and the stalemate between the West and Russia on the Ukrainian issue led to an increase in geopolitical risks in Europe.

The withdrawal of Greece and Britain from the EU will also affect European integration. The withdrawal of Greece and Britain from the EU will make more and more Europeans doubt the purpose of European integration. Since then, any reform within Europe, even if it is moderately integrated, will be greatly questioned. The process of European integration will face irreparable losses. At the same time, it will also be used by populist anti-European forces to achieve the purpose of hindering the process of European integration.