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> The Greek crisis had other origins, and the financial checks/obligations upon joining the Euro are supposed to mitigate against the risk of not being able to
by LoSboccacc 9y ago
> The Greek crisis had other origins, and the financial checks/obligations upon joining the Euro are supposed to mitigate against the risk of not being able to devalue a national currency to e.g. boost tourism or exports. Too bad the Greek financial records may have not been completely accurate.
Guess who pushed hard and voiched for greece joining the euro?
- MagnumOpus 9y agoThat would be Valerie Giscard-d'Estaing who twisted arms to get Greece into the EEC and Mitterrand who forced through the Euro. If you are trying to insinuate that this was a German plot, you couldn't be farther from the truth. The Deutsche Mark was a sacred cow and getting rid of it in favour of a common currency with "irresponsible countries" with weak currencies was deeply unpopular even with internationalists like Kohl. Only France threatening to block German reunification unless they drop the Mark, in 1990, got German politicians to agree to giving up their currency.