German Chancellor, Angela Merkel has been suggesting the top leaders, diplomats and policy makers of the Euro zone to “Weigh” their words before going public. As Merkel has been strongly focusing and determined to keep the single currency zone intact, she opines that special measures regarding debt management are mandatory for the presence of Greece as a member of Euro zone in the coming days.

On one side, Greek Prime minister Antonis Samaras has already adopted extreme endeavors to reduce its national debts, Merkel, on the other hand, has been standing on the sidelines of the country where the crisis is prevailing. Similarly, with a motive to add stimulus to the economy, the Euro leaders along with coordination of European Central Bank, are planning for a bond-buying package.

As the economists believe that the cost of ‘Greek-exit’ would be much higher than the cost of supporting the debt-ridden nation to get it back on its feet, the exit of Greece from Euro zone, as intended, by 2013 is not considered as viable or feasible by many as it may have long lasting chain effects to other European nations.  Though the cost of Greece exit would be much higher, Fuest, a member of advisory panel of German Finance Ministry opines, “to give Greece a perspective, a realistic chance to recover, within the euro zone is very, very difficult.”

From a lay-man’s perspective, the separation of a euro member from the consolidated zone having a long economic history is truly not favorable considering lagging economic effects. However it is the euro leaders who are to evaluate and determine the cost and consequences of ‘Greek-exit’ from the existing 17-nation single zone and pave the path ahead.