4 ms·

The fact that Europe didn't even check the books (or worse, didn't care about their accounting) is more worrying, though!

• geezerjay 8y ago
  What do you mean? Europe doesn't have the right to just waltz into a member state's finance ministry and rummage through the documents.
  • jandrese 8y ago
    And that's the fundamental problem with the shared currency without shared monetary policy. Someone cheats and it makes a huge mess for everybody.
  • charlesdm 8y ago
    And yet, it seems like basic due diligence seems like a good approach when "acquiring" an extra member state when one bad member can bring the whole house down.