Quote:
Originally Posted by recycled sixtie
I did not know whether to put this in PARF or not so thought I would put it here. Why does Merkel insist on keeping Greece in the common market and related European economic ties? The Greek people seem to reject the austerity measures so why not let them be free and solve their own problems?Continual bailing out of any country can lead to a lack of fiscal responsibility. Any ideas?
|
No disagreement here. But I believe the reason is that Greece will be the first Domino to fall. The rest in the PIIGS will then go and it will be the end of the Euro.
Austerity alone will not fix Greece. They need to look at the regulations, social policies and certain aspects of the Greek culture (not paying taxes, etc) which have driven most businesses out of Greece.
Spain has some similar problems, just not as much debt...