So how will Greece leave the Eurozone? Answer: painfully (photos)
HOW will Greece leave the Eurozone? Painfully it seems.
There’s a general agreement among realist economists (ie, not those drunk on some nonsensical dreams of European unity) that the euro as it was set up was a decidedly bad idea. That even if it had been better set up Greece certainly shouldn’t have been part of it and that it would be better for Greece and everyone else if Greece were to be out of the euro.
All of this is simple enough. The problem is how do we get from here to there? As this column points out in what for economists is sneering and vitriolic language, erm, actually, we probably can’t.
Get from here to there that is.
It’s just too bloody difficult to do it in anything like a democracy or a free society.
That is, it would be great if Greece had never joined, it would be great if Greece had left, but the process of leaving is just too difficult to actually go through it.
Something to keep in mind the next time the politicians try and jump us into something that we cannot subsequently get out of, eh?
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An immigrant walks past a graffiti-covered wall in central Athens, on Monday, March 26, 2012. Greece's government has said it will build detention centers for illegal immigrants, estimated to number 1.5 million, in a country with a population of 11 million. Debt-crippled Greece is known to be the European Union's main point of entry for illegal immigrants, mostly from Africa and Asia. (AP Photo/Petros Giannakouris)
Posted: 11th, April 2012 | In: Money Comment | TrackBack | Permalink
