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Since I'm from that part of the world (visiting Greece, Balkans and Germany regularly), I will give some feedback here... We have saying here "owns money as Gr
by tlogan 11y ago
Since I'm from that part of the world (visiting Greece, Balkans and Germany regularly), I will give some feedback here...
We have saying here "owns money as Greece" - and that sayings was coined in 19th century. In 1822 Greece declared independece from Ottoman Empire and by 1880 Greece owned 5.243.428 marks to... guess? Germany.
From point of Greece, it is much better for them that Greece leaves Eurozone. They already occurred 80% of pain so there is not so much to lose. With Drachmas they will have some inflation and inflation will fix entitlement problem. And tourism will become very very competitive. And they can fix tax evasion problem on their own.
From point of France - that will be disaster: the euro an ECB is designed for economies and societies similar to Germany and German's influence in Europe will raise.
This crisis is pure politics now.
Macedonians have joke that Greece should be renamed: "the former European country Greece".
- anabis 11y ago> They already occurred 80% of pain so there is not so much to lose. I think this was the logic for people voting OXI in the referendum, but there is still banking and public infrastructure and host of other things that they could lose.
- scarmig 11y agoTo readers who don't get the joke: lots of ill-will exists between Greece and Macedonia over a naming dispute, which has led Macedonia to be known as FYROM (the Former Yugoslav Republic of Macedonia) on Google Maps.