Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Hey Europe. Breaking up is a foolish risk

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 08:06 AM
Original message
Hey Europe. Breaking up is a foolish risk
http://money.cnn.com/2011/11/13/news/international/euro...

Should Greece or other nations be allowed to leave the eurozone, or even be forced out? Those questions were considered heresy among European leaders until mere days ago.

Ever since the euro's birth, over a decade ago, politicians made it very clear that the road into the eurozone ran only one way.

The founders deliberately created no mechanism to leave the eurozone without exiting the European Union altogether. They even encouraged the destruction of the banknotes of the old currencies, to make it harder to reverse course.

Since the Euro crisis began, some observers, including a big portion of the German public, have argued that Greece might not be fit to share the euro with other well-run countries.

more at link...
Printer Friendly | Permalink |  | Top
Cirque du So-What Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 08:12 AM
Response to Original message
1. If Greece swallows the terms imposed upon them
they run another type of risk - that their sovereignty is compromised by the likes of Angela Merkel, who even as we speak is plotting ways to dictate terms to less-powerful nations without their direct participation.
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 08:47 AM
Response to Reply #1
3. There were terms when they signed up to be in the Euro but Greece basically faked it's balance sheet
And yes when you are in debt and want more money you lose your ability to do as you wish. What is new?
Printer Friendly | Permalink |  | Top
 
AngryAmish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 09:06 AM
Response to Reply #1
5. If they cannot pick their own leaders then there is no democracy in Greece or Italy
Granted, Berlesconi is a scumbag. But he was chosen in a freeish election. Now the ECB and Germany and France have decided he had to go. So he went. How was this new guy elected? He wasn't. It used to be not kosher to interfere with the leadership of another country. Now we have had regime change in both Greece and Italy, demanded by their more powerful neighbors, without a vote.

That, in a word, sucks.
Printer Friendly | Permalink |  | Top
 
HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 08:33 AM
Response to Original message
2. So, when Greece is auctioned off to corporate overlords
do the people get sold into serfdom, or do they walk away from the financial disaster and become a wandering people like the Roma?

Will they have a choice?
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-14-11 08:50 AM
Response to Original message
4. The German's won't go for supporting a permanent welfare state in Greece.
Greece simply doesn't fit.

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Aug 22nd 2014, 11:36 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC