Over the past few months, members of the European Union have been debating how to deal with the sovereign debt crisis. When Greece joined the euro zone, investors assumed that its debt was as valuable as that of larger European countries, such as Germany, and allowed Greece to borrow heavily to finance its public sector. Today, Greece is unable to repay its debts and stands on the brink of default. There are several possible solutions to the Greek problem. Currently, legislators in the EU are working on approving an expansion to the EU’s bailout fund, which is funded by each of the euro zone nations. As long as Greece can show that it is making financial reforms, it will receive bailout loans and avoid a default. Some people, however, believe that Greece should default and leave the euro zone, claiming that allowing Greece to continue borrowing exacerbates its borrowing problems. If Greece dropped the Euro and returned to the drachma, some argue, it would be able to restore competitiveness and growth more rapidly than if it continues to borrow from the rest of the EU. What do you think? Should Greece default on its debts and leave the euro zone? Or should the EU fund a bailout and allow Greece to continue borrowing?