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There is no reason to believe Greece was better off outside the EU. While they suffered from the ill effects of using the same currency as Germany, outside the
by addicted 8y ago
There is no reason to believe Greece was better off outside the EU. While they suffered from the ill effects of using the same currency as Germany, outside the EU they would probably have suffered from the much bigger Greek crisis, which is the absolute inability to collect taxes from the rich. Taxes that are on the books. It’s very likely that despite benefitting from the ability to devalue their currency, that benefit would have been overridden because of all the other structural issues The EU forced Greece to address.