Quote:
Originally Posted by arock10
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.
|
Of course there is coordination and unity, but mainly for the euro only (and trade). That is the problem. Euro is just fine, countries aren't (like Greece).