Greece is but one of the,” PIGS”.
What is the condition of the others, Portugal, Italy,?
“Greece is but one of the,” PIGS”. What is the condition of the others, Portugal, Italy,?”
That is why the EU must and will hold the line on Greece. Any debt forgiveness for Greece and political parties in these countries will immediately begin to campaign for equal treatment.
If Greece leaves the Euro and their economy crashes, then these countries will have been given an incentive not to pull the same strategy.
While amputation is never an attractive solution, sometimes it is the only solution.