Re:Greece debt crisis: Eurozone summit strikes deal
by StavrosK on Monday July 13, 2015 @07:42AM
(#9877466)
"Unless Germany wants you out", I guess. The terms of the deal for Greece have been pretty onerous, you lose control of your currency with no equivalent upside. Sure, there are plenty of advantages to being in the EU, but the disadvantages seem bigger.
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Re:Greece debt crisis: Eurozone summit strikes deal
by mseebach on Monday July 13, 2015 @08:01AM
(#9877547)
If Germany actually wanted Greece out, they would have been kicked out 3-5 years ago. Germany desperately wants Greece in, why do you think they keep negotiating?
> The terms of the deal for Greece have been pretty onerous, you lose control of your currency with no equivalent upside.
No upside? What do you call a decade of easy access to super cheap credit? Also, these terms are not unique to Greece, no other Euro-zone country has control over it's currency.
Re:Greece debt crisis: Eurozone summit strikes deal
by gizmo on Monday July 13, 2015 @09:13AM
(#9877863)
> What do you call a decade of easy access to super cheap credit?
A poison pill. It's like giving free booze to an alcoholic. It's certainly not kindness.
Re:Greece debt crisis: Eurozone summit strikes deal
by StavrosK on Tuesday July 14, 2015 @11:33AM
(#9885682)
Exactly what gizmo said. It's the super-cheap credit that got us here...
Re:Greece debt crisis: Eurozone summit strikes deal
by mseebach on Tuesday July 14, 2015 @01:13PM
(#9886444)
That's easy enough to say in retrospect. The greek government actively and aggressively sought out membership, to the point of cooking the books, then eagerly availed themselves of the credit.
Re:Greece debt crisis: Eurozone summit strikes deal
by sasvari on Monday July 13, 2015 @07:48AM
(#9877488)
being a member of the eurozone and being a member of the EU is still a difference.
as the latter: Greece benefitted quite a bit from EU subsidies since joining. you can argue about if the same holds true for joining the eurozone.