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Southern European states, such as Greece are already bankrupt--they are just in the European Union's debtor's prison. There is a fundamental schism in the EU,
by heurisko 4y ago
Southern European states, such as Greece are already bankrupt--they are just in the European Union's debtor's prison.
There is a fundamental schism in the EU, and that is they share a currency, without a common fiscal policy. It's a problem that will never go away, until member states cede power to set budgets, pensions, etc. to the EU, which I can't see happening.
https://www.theguardian.com/commentisfree/2018/aug/26/greece-was-never-bailed-out---it-remains-a-debtors-prison-and-the-eu-still-holds-the-keys https://www.theguardian.com/commentisfree/2018/aug/26/greece...