Paul Markham

You misunderstood my question. This is about all the countries in the EU with unmanageable debts. A central currency should have central taxes, spending policies and borrowing limits. With a Central Bank responsible for repaying the debt.

Read this https://www.theguardian.com/world/20...ilout-money-go It rightly points out the money was used to repay the banks and some added to the greek debt. there should be no Greek debt, it should be EU debt.

The EU is only afloat because of borrowing. At what point do the lenders say, screw you it's no longer viable to give you more or just raise the interest rates for every EU country?

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