Quote:
Originally posted by BadMonster
In the long run this is the best solution for both tbh... Greece can build a stable and normal economy/system, they need to start from scratch + weaker EU countries will know they need to get their **** together cuz they won't be bailed out... + the insecurity about the situation is bad as well, we'll be fine, might be **** for a year or two but then we'll be over it.
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This isn't really fair. Countries that were bailed out like Ireland and Portugal have done remarkably, particularly the former who is paying billions back year-on-year and about to exit the bailout conditions entirely after paying back its loans with interest. The single market is supposed to help a country that hits a problem because it affects all other countries, especially those in the eurozone.
Greece's problems existed before the single market, and they all came to a head with the global recession. In the long run this will be fine for the EU after a negative bump due to a debt write off, but Greece itself is essentially going to collapse. They will have no money and when they start to get their currency off the ground it will be worth almost nothing next to other Western currencies. They won't be able to borrow from anywhere really... This situation hasn't happened before. There really is no telling what will happen.