mmm....shiney! said:
Nugget said:
Who are the people responsibel for Greece being in the EU and for them surrendering the ability to create currency?
Greece.
One should be careful with statements like these. Some newspapers in Greece and Germany are already bashing each other: "The Germans are Nazis" / "The Greek are lazy spongers". In the end, it was the decision of a hand full of political busybodys who actually manipulated data in order to meet the Euro requirements. The Greek people have never been asked. Neither the people of the other Euro countries.
According to the 'Welt', the statement "That is all in the hands of the Greeks themselves" was made by Rsler (Economy minister) and not by Schuble, but however: I'd really like to see reliable figures about whether the
Greek people (and not some political puppets) want the Drachma back. According to a quick websearch, a recent poll said that 70% rejected going back to the Drachma, but who knows.
In any case, this would bear a lot of problems. Apart from the writeoffs for many European banks who had invested in Greece, it would be a tremendous effort, and have unforseeable consequences for the Greek economy (well... "unforeseeable" ... not really: Nobody would lend them money any more, that's clear - but how would the people react when the economy really collapses? The riots that we have ssen until now would probably seem neglegible compared to what we could expect then).
And now, imagine Greece was kicked out of the Euro zone. Then the bets would go agains Portugal, Italy or Spain, and the question would only be: "Who's next?"
But of course, pumping money to Greece in form of infinite bailouts can also not be the solution.
A dilemma (Greek: - "double proposition")
