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> I get the feeling that the EU would rather forgive Greek debt than see Greece either leave the EU I don't. For one, France, Britain, and Germany would have
by rodgerd 11y ago
> I get the feeling that the EU would rather forgive Greek debt than see Greece either leave the EU
I don't. For one, France, Britain, and Germany would have hell to pay in their domestic politics if that happened; for another, Italy, Portugal, and Spain would be the next cabs off the rank if an example is offered that simply refusing to pay the last round of debts gets you forgiveness and more credit.
- gonvaled 11y agoThat incentive does not seem so strong if you consider the situation that Greece has reached for them to be bailed-out (if that ever happens). Italy, Spain and Portugal are not in the same situation as Greece. And being bailed out would not mean that Greece has just gotten German-level prosperity, just that they can start walking again on their own. I do not see that as a very alluring prospect for would-be "Greeces". Politicians all around Europe would do us a big service if they started explaining this to their citizens, instead of fostering confrontation between the European peoples.