Comments on: Greece’s self-inflicted tragedy and the catharsis to come http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Skipper50 http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/#comment-1077019 Mon, 06 Jul 2015 15:10:19 +0000 http://blogs.reuters.com/great-debate/?p=41804#comment-1077019 Perhaps a Trojan Horse will arrive filled with bitcoins.

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By: Korios http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/#comment-1077005 Sun, 05 Jul 2015 20:20:10 +0000 http://blogs.reuters.com/great-debate/?p=41804#comment-1077005 “The next step would be for Greece to print its own money, probably the pre-1981 currency, the drachma..”
You are 20 years off the mark there. In 1981 Greece just entered the EU. Euro adoption came 20 years later, in 2001.

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By: Macedonian http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/#comment-1076349 Fri, 03 Jul 2015 22:56:38 +0000 http://blogs.reuters.com/great-debate/?p=41804#comment-1076349 Anti EU mood in the region is at the highest level ever our support to Greece

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By: jimb3242 http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/#comment-1076345 Fri, 03 Jul 2015 20:55:02 +0000 http://blogs.reuters.com/great-debate/?p=41804#comment-1076345 If the Germans have some ideas how the Greeks can pay off their debts by further austerity, which will contract their economy even more, increase unemployment and business bankruptcies, they should surely let the Greeks know. The Euro union was deeply flawed from the beginning and the Germans should admits this obvious fact and work to change the Euro union, not make the problems worse. Krugman, Stiglitz and European economists all agree that leaving the Euro, no matter how temporarily painful, is a solutions if the Troika will not yield on debt restructuring, a sensible solution.

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By: hs7 http://blogs.reuters.com/great-debate/2015/07/02/greeces-self-inflicted-tragedy-and-the-catharsis-to-come/#comment-1076344 Fri, 03 Jul 2015 20:15:40 +0000 http://blogs.reuters.com/great-debate/?p=41804#comment-1076344 A couple of observations:
1. There’s no separate treaty, but there’s no provision to kick out Greece from both EU and Eurozone either, the Greeks can only willingly leave the EU on the basis of the Treaty of Lisbon’s provisions, that’s something everyone conveniently keeps forgetting. Worse comes to worst Greece will nominally keep the Euro while effectively printing its own money.

2. The dracma was both the pre and post 1981 currency, the Euro was established only in 1992 with the Maastricht Treaty, exchange rates were established in 1998, but the Greek one was established only in 2000. That’s a 19 years difference, Mr. Loyd.

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