4 ms·

So accepting the fact that both are responsible, what should the EU do with their relations with Greece? They can demand the money back, but that isn't helping.

So accepting the fact that both are responsible, what should the EU do with their relations with Greece? They can demand the money back, but that isn't helping. They can expect no money back, but what to do then? Kick Greece out of the euro, and accept failure of the principle that once in the eurozone, you stay in the eurozone? Basically accepting failure.

nhaehnle 11y ago
Option 3 is to implement a proper fiscal union. It's not clear how best to go forward with that (and as much as I'm in favor, it looks politically unrealistic right now), but it is clear that it's the only option for long-term survival of the Eurozone.
- jacquesm 11y ago
  On some level the current problems stem from the EU growing too fast, both in area and in features. Adding yet another feature will not work, it will only ensure the eventual breakdown of the system. What's needed is to pause the expansion and the degree to which nation states are forced to give up their sovereignity and when (if?) the kinks are ironed out of the current setup to review what the best next step is and then to implement that step very very slowly with signficant buy-in of the various states in the union. Only then will the trend be reversed.