Euro Area

[Fragony]

Private investors fell for it as well. Regardless, I agree it's inexcusable. And it's a good reason for Germans to be angry at the German government, Dutch for being angry at the Dutch government, and so on.

However the argument is sometimes extended to absolve Greece of its own responsibility, while a massively greater part of the blame falls on the Greek government. A lot of bleeding hards in and outside of Greece have argued that Greece was "forced" into the Euro, which is a blatant lie. More down to earth people have argued that if Greece wasn't an eurozone member it wouldn't have borrowed so much. I find that argument questionable because there's no reason to assume that Greece under the drachme wouldn't have lied to hide the extent of their deficit and debt, like they did in real history.

I wouldn't assume that Greece under the drachme would have been necessarily better off. If we look at Hungary, which greatly devalued its currency after the crisis, a lot of people are saddled with unpayable mortgages because their contracts are denominated in foreign currencies precisely because it was foreseen that their currency might at some point be devalued. I think it's perfectly safe to assume that Greece would have been in serious s*** at this point one way or the other - to what extent the euro added to these problems is debatable, but even so it's not something for a Greek to point blame at Germans or Finns.

That is a blatant lie may I remind you of the horrible state the ordinary Greek is right now. The international-socialism wanted, needed, them in, not because of any worth but because of their idealism, It was not a very good idea to do so. The international-socialism payed good money to alter the books, and now we all get to pay. Southern-europe is on the brink of civil war you can't know that because you read quality media, but tens of thousands of people are protesting daily. It is getting out of hand.