inevitable and discussion is moving towards deciding which would be the
least damaging way for Europe, (never mind Greece) for that to be done.
The exception appears to be EU leaders who remain convinced that just a bit
more money thrown at the problem will end the crisis or, at least delay the
crisis until they are out of power and their successors are left to clean up
the mess.
I know it's a bit unfair but there's a certain amount of truth in the
caricature that while the Germans are working their socks off producing
excellent products and saving for their old age the Greeks are sunning
themselves on the beach glugging back their wine subsidised by the Germans.
If a default of some sort is really inevitable then surely it is far better
to manage the process and the subsequent way back to solvency for Greece
than just to let it happen in some uncontrolled way that could lead to
further problems for other EU countries.
John Waghorne
No comments:
Post a Comment