Oh, yes we would be part of a successful bailout. But things have moved beyond that. It’s now quite obvious that no bailout will work politically in donor countries, nor will it work in Greece.
Our detachment arises from the fact that the completely hopeless status of any PIGS bailout is going to crush the Euro.
Which is hysterically funny to Conservatives and Euro-skeptics in Britain, because we fought for the Pound and we kept it in the teeth of left-wing opposition. And now our maimed and distressed currency suddenly looks like a safe harbor.
In a year’s time our football hooligans may be the only people who can afford to buy beer in Europe.
Thanks for the information. (We hope to return to England next year for a vacation. At one time, Greece was on the agenda to visit, but it’s off now along with Spain).
Interesting situation and fascinating to me. As close as I am trying to follow it, I still am somewhat confused about the EU.