RE: How Do You Say "Fuck Off" in Greek?
July 7, 2015 at 6:39 pm
(This post was last modified: July 7, 2015 at 6:41 pm by Anomalocaris.)
(July 5, 2015 at 5:55 pm)FreeTony Wrote: It is interesting how we in the UK see the EU as a leftist organisation, whilst others in Europe think the opposite.
Greece shoud have left the Euro years ago. The loans have just been papering the cracks in the last few years. Devaluing the currency is the only way I can see it working. Staying in the EU will just see a dwnwards spiral of debt.
The problem of the EU is that if you have one currency and one central bank, then you really need one government too for it to work.
Actually, Greece should never have been allowed into the Euro in the first place. Greece never ever came to within 400% of meeting the 1.5% limit on government budget deficit to GDP ratio which applicants to the Euro was suppose to meet and cooked the books to get into the Euro. Greece then persistently lied about the size of its continuously enormous deficits until when increase in borrowing costs made it impossible for it to roll over its debts.
If Greece was a person she would be in jail.
One could say Greek presence in the Euro was the result of one large Greek fraud, made farcical by the fact that Greece had perhaps much less to gain and more to lose to be in the Euro.
