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A comment on Canada forgot to plan for its future by leaning on oil and the loonie. Parent comment

Re:Canada forgot to plan for its future by leaning on oil an... by tahssa on Tuesday January 12, 2016 @01:27PM (#10889267)
I thought that Greeces problems stemmed from excessive govt spending leading to a situation where the tax revenue could not compensate for the debt load with a consequence of either bankruptcy or bailouts from other countries. At least that's where my comparison starts and ends.
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Re:Canada forgot to plan for its future by leaning on oil an... by graeme on Tuesday January 12, 2016 @01:56PM (#10889509)
That's true. But it's only true because the debt load is in Euros, and Greece doesn't control the value of the Euro.

If you're a country with currency control + debt in your own currency, it's basically impossible to have that same kind of crisis.

(You can have other problems, but they wouldn't be so intractable as what Greece has.)

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