Hey Europe. Breaking up is a foolish risk

[Javaman]

http://money.cnn.com/2011/11/13/news/international/eurozone_breakup/index.htm

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...

[Cirque du So-What]

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.

[dkf]

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?

[AngryAmish]

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.

[HereSince1628]

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?

[dkf]

4. The German's won't go for supporting a permanent welfare state in Greece.

Greece simply doesn't fit.