Comments on: Can Germany afford to let Greece leave? Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: scythe Mon, 04 Jun 2012 03:20:24 +0000 Greece is a fiscal drag on Eurozone growth and fiscal responsibility

You are well-versed in the message from the Eurozone to Greece:

“we will help you to help yourself and make the changes;
but if you cannot see the need to change, or choose not to, or decide to roll around on the floor squealing about 1940 something, then find another lender for your fakelaki economy”

By: mullnldrive Fri, 01 Jun 2012 14:14:56 +0000 It seems to me the notion that a Greek exit would shatter the foundations on which the euro zone was built is based on a slightly flawed historical assumptions: not the euro zone, but the EU itself was set up in order to secure joint, peaceful economic development – for which the euro as a common currency is not necessarily a prerequisite. Leaving the euro zone is not equal to turning your back on the EU as a whole. On the contrary, with a devalued drachma at hand some of the current tensions between states might even wear off given that there would be less frustration at EU “dictates” on the Greek side, as well as a certain level of relief on the other, euro zone members’, side – which might even free up some badly needed energy resources for tackling the problems of Spain and Italy, both of which are far more likely to pull through with the measures necessary to avoid their own default.