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The first greek bailouts were really bailouts for German and French banks
Greece really has no choice to leave the euro unless their debt is heavily forgiving. The euro is dysfunctional because it's a system used acrossed countries but there is no coordination or unity... It's just doomed to repeat.
Greece needs to drop out of the euro, things will suck for a couple of years but things will get fixed. If they stay in the euro it's just going to be this situation to infinity every couple years
And the problem there is the Spain and Portugal and all the other shaky nations will realize they can free themselves too and recover after a couple of years. Austerity doesn't work when done this quickly because you economy shrinks faster then the cuts do
But hey at least the US isn't the bad guy for a change. We love deficit spending!
PS writing this in Greece right now. Everyone seems to be doing ok. Cause they are broke already lol
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Sup
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