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Couldn't agree more. Greece is a great example of what happens to a country when they have a sovereign debt crisis and no control over the value of their currency.

The ability to control your overnight bank rates, and your monetary supply is important. I don't think the convenience of easy travel or easy(ier) trading of goods outweighs it at all.

discuss

addicted|1 year ago

Greece showed the flaws with the EU.

The good thing is that the EU has improved since then.

On the flip side, Greece is also a great example of how powerful the EU can be. Greece would have absolutely collapsed outside the EU.

So even with the limitations on the EU, Greece did a lot better within the EU than it would have outside.

drtgh|1 year ago

> The good thing is that the EU has improved since then

It was indeed a big backdoor attack to the Euro, exploited by GS [1], at least.

> Greece would have absolutely collapsed outside the EU.

Meat for the IMF, BlackRock and so on; Argentina's twin.

Global economy seems to be an ocean with Orca whales, they hit and eat alongside with sharks. The citizens turns to meat at same moment their politicians betray them [2], whether caused by ignorance or by malice (corruption).

[1] https://www.theguardian.com/business/2010/feb/25/markets-pre...

[2] https://www.theguardian.com/business/2010/apr/18/goldman-sac... ( Now we know the truth. The financial meltdown wasn't a mistake – it was a con )

PS: I wonder what happened to the perpetrators of the 2008 crisis.

apeescape|1 year ago

Greece cheated their way into EUR. They didn't meet the requirements, so they cooked the numbers with the help of GS. This later on blew up into everybody's faces (well, everyone except GS's).