The Trade Deficit Greece Needs to Close

Devaluation could attract more tourists, boosting service income — if people aren’t afraid to visit

GRAPHIC BY BLOOMBERG BUSINESSWEEK. DATA: BANK OF GREECE, PANHELLENIC EXPORTERS ASSN.

If Greece leaves the euro, it’s likely to lose access to lending that has let it spend more than it earns. That would lead to a huge reduction in imports, which are more than twice as big as Greek exports.

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