Tuesday, May 15, 2012 5:53:39 PM
@Zieveraar You have no idea. Such things are not 'simple` except to the mind of a child perhaps. Anyways, many want to leave, including me, and the recent elections are a step in the right direction with 80% of the voters rejecting the pro-europe parties. But with our undemocratic election laws (yes, its complicated, would you believe) its nearly impossible to elect a goverment of the peoples will. And yeah, we where doing fine before the Euro. In fact, if you discount the debt payments, Greece runs a pretty balanced budget. Plus we have a pooload of competitive industries, not just tourism and shipping (Greece is no.1 worldwide in shipping BTW). Disaster stories about leaving the euro are just scare tacticts, as if a country cant function on its own currecny. We did so very adequately until not so long ago. Truth is, Germans dont want us to leave. We are their captive market, marked to be forever in debt, forever in submission. The euro is designed to create this exact situation.
Saturday, May 12, 2012 9:17:11 PM
@kingdomcome: Exports aren't the problem with ditching the Euro (which would probably involve leaving the EU entirely). Having a worthless inflationary currency makes export trade easier. Perhaps the EU might try to impose punitive tariffs if Greece renounces all of their existing Euro-denominated debt, but I wouldn`t worry too much about it.
The problem for Greece under the withdrawal scenario would be that without a stable currency, it`s nearly impossible to IMPORT needed goods, as your citizens don`t have anything to pay for them with that foreigners would accept. In the modern economy, life without imported goods is impossible. Thus, even if they pulled out of the Euro, Greece would have to take some pretty strong measures to keep inflation under control--exactly what the anti-bailout crowd is refusing to do.
Saturday, May 12, 2012 2:54:57 PM
@greekhop: then leave. It's as simple as that. If you won`t cut back, actually do something about the insane tax problems (how many billions are lost every year due to people dodging taxes?), then leave. Don`t let the door hit you on the way out.
And yes, other European countries are going to have to do the same. It`s the end of the line, time to do something before it all falls apart.