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I'm not so sure of that. Greece might be a special case. Its a tourist economy with heavy social services and a retirement age of 58 with overly generous pensio
by drzaiusapelord 12y ago
I'm not so sure of that. Greece might be a special case. Its a tourist economy with heavy social services and a retirement age of 58 with overly generous pensions; about 80% of one's salary. Its fraudulent on practically all levels of government. Its recent cozying to Putin is just more spit in the eye of the EU partners who tried working with Greece's debt issues.
While Italy and Spain aren't the shining stars of fiscal responsibility and anti-corruption, they're bush league compared to Greece's MLB financial shenanigans. An Italian exit would be a huge event, considering Italy's economy is bigger than Russia's. Greece is just a bottom feeder.
As a Greek-American is pains me to say these things, but Greece is just on the wrong side of history here. Its incredible how corrupt that country is. Its a clusterfuck of far-leftist nonsense that has no place in the EU. I could see a re-entry in a few decades after they've cleaned up their act, assuming that's possible. Expecting everyone else to bankroll Greece's generous pensions seems unfair to working Europeans.
This should also be a wake-up call for EU expansion. Taking on these corrupt countries is a major risk. I'm very glad they never got Turkey, considering its deep into a spiral of Islamic autocracy and has also lost its major economic growth around Q1 2014.
- deleted 12y ago[deleted]