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A policy response to Greek's current woes as a euro member
There is a likely nice policy response to the current Greek woes.
It requires a temporary trade measure to change the relative prices between Greek and other euro member countries, similar to an effective devaluation of a country's currency.
It is an innovative thinking, targeting a real world problem. Much better than Paul Krugman's conventional but empty argument.
See a couple of blog articles for this:
http://mrlincolns.blogspot.com/2010/05/policy-response-to-greek-dilemma.html
http://mrlincolns.blogspot.com/2010/05/paul-krugman-on-euro-union-is-wrong.html