Greece will hold a snap election on 25 January, after the country's parliament failed to elect a new president with the necessary majority. Syriza, a left-wing party led by Alexis Tsipras, currently leads the polls. Given Syriza's outspoken criticism of Greek economic and social policies over the last four years, and its confrontational statements vis-a-vis the Eurozone, some fear that Greece might quit the single currency. This prompts several questions: is it in Greece's interest to leave? What would be the consequences for the Greek economy and that of the Eurozone? And is the rest of the Eurozone willing to let Greece go? Are there any benefits of Grexit for Greece? Greece would regain autonomy over its monetary policy – the most effective tool for maintaining demand in an economy. An independent Greek central bank, if it were able to control inflation, could raise those expectations, leading consumers and investors to spend and invest. The Bank of Greece would also be in a position to ensure that real interest rates were low enough to stimulate investment.