French and Greek elections

[5thHorseman]

How could they write off Greece, the cradle of European civilisation, the birthplace of democracy?
They have to keep it going.

No they dont, dont be so daft. It's a country like any other. They should just drop out the euro and default like Iceland(default) did. Worked well for them,


The biggest problem in the euro is multiple economies in 1 currency, it's total bs, it'd work if they had 1 joint economy, but they dont, so everything in greece costs so much because Germany is doing ok whilst theyre sinking like titanic after a romantic date with an iceberg. They have no money, and the euro, because of Germany, is expensive to trade with, so they are getting no benefit to being in it. The ridiculously terrible austerity plan that isnt working and is driving not only the economy down, and lowering the effectiveness of the cuts whilst massively increasing debt, and unemployment goes continuously up, a vicious circle if ever there was one. Fuck that, they should get out and default, then good luck to them. The Euro: 1 big fuck up from the start.

Still their own fault, tax dodging baklava lovers.
http://krugman.blogs.nytimes.com/2012/03...s-iceland/