Jeremy Warner, Telegraph 29 Dec 2014
Greece, and a number of other peripheral eurozone nations too, do indeed need to leave the euro if ever they are to find a plausible path back to growth and debt sustainability.
Yet it is one thing to quit the euro in a controlled, negotiated and orderly manner – behind the protection of capital controls, with help from the International Monetary Fund to get the country back on its feet – and quite another to be forced out amid political crisis, social upheaval, and the idiocies of an extreme Left-wing policy agenda.
Greece keeps coming back to remind us of the folly of Europe’s grand experiment in monetary union and the havoc it has created for a once thriving continent.
Full text
EU och Greklands Chicken race.
Grekland: Vi betalar inte.
EU: Då måste ni lämna euron.
Grekland: Ha, ha, det är värst för er, då ser alla att länder kan lämna euron. Hur går det då för Spanien och Portugal osv.
More about Greece
Greece, and a number of other peripheral eurozone nations too, do indeed need to leave the euro if ever they are to find a plausible path back to growth and debt sustainability.
Yet it is one thing to quit the euro in a controlled, negotiated and orderly manner – behind the protection of capital controls, with help from the International Monetary Fund to get the country back on its feet – and quite another to be forced out amid political crisis, social upheaval, and the idiocies of an extreme Left-wing policy agenda.
Greece keeps coming back to remind us of the folly of Europe’s grand experiment in monetary union and the havoc it has created for a once thriving continent.
Full text
EU och Greklands Chicken race.
Grekland: Vi betalar inte.
EU: Då måste ni lämna euron.
Grekland: Ha, ha, det är värst för er, då ser alla att länder kan lämna euron. Hur går det då för Spanien och Portugal osv.
More about Greece