My understanding is they never should have been permitted to join the Euro-zone, that they got in via deception (and possibly winking at that deception by others) and they should get out ASAP.
“My understanding is they never should have been permitted to join the Euro-zone, that they got in via deception (and possibly winking at that deception by others) and they should get out ASAP.”
In general, from the inception of the EU the first members feared later entry of mostly poor, southern states like Greece, etc.
The fear was coming out on the losing side, of income redistribution. The relatively strong founding nations in 1957 were West Germany, France, Italy, Belgium, Nederland and Luxemburg.
Obviously their fears were justified. And it plays out now.
Another big issue today is movement of people, namely muslim terrorists.
“My understanding is they never should have been permitted to join the Euro-zone, that they got in via deception (and possibly winking at that deception by others) and they should get out ASAP.”
There was more than just Greece that got in on a wink. I have an Italian friend who is a banker. He told me back when the whole common currency thing was being put together that Italy wasn’t in any shape to get in either. the PIIGS are going to sink the Euro. It isn’t whether, it’s when.