I know Varoufakis' take on the Greek crisis. I think he's mostly correct on the fact that having a common currency without a correcting mechanism will inevitabl

I know Varoufakis' take on the Greek crisis. I think he's mostly correct on the fact that having a common currency without a correcting mechanism will inevitably lead to these issues. However, Greece benefitted enormously from being part of the eurozone too. And the fact is that it borrowed cheaply and invested that money badly. The bail out was there, the invrstors had to agree to a "haircut" and new credit lines were given to Greece (indeed under austerity, which I also found counterproductive). I think I mostly don't disagree with you, just offering a slightly different perspective too.