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The problem is not Greece’s alone: it’s not like Greece invaded Germany and forced German banks to loan them money. Furthermore, if Greece had stayed on the dr
by sethg 15y ago
The problem is not Greece’s alone: it’s not like Greece invaded Germany and forced German banks to loan them money.
Furthermore, if Greece had stayed on the drachma and let it weaken against the euro, then Greek exports to the eurozone would have been cheaper, and imports from the eurozone would have been more expensive, so Greece would have had less of a trade deficit.
- PanosJee 15y agoActually it happened but via versa. Germany invaded Greece back in 1940. Greece had huge loses and Germans looted the banks and the gold of the country. Greece up to day has never even requested for war compensation (about 100 billions). On the other side Greece has benefited from EU help that has been wasted thanx to Greek corruption but again Germany contributed to the corruption! Search for Siemens, Mann and submarines scandals. Anyway it's not that much of Germany's fault but the Greek's