...I told you so.
Back in 2008 I argued that Greece should be ejected from the Euro so that it's currency could be devalued and its lending situation normalised. This would, I argued, be extremely painful in the short term but better in the medium and long term.
I was widely scoffed at.
http://www.bbc.co.uk/news/business-33164924
"Failure to reach an agreement would... mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and, most likely, from the European Union," the Bank of Greece said in a report.
So... I was right, Greece has spent seven years in depression and now looks likely to exit the Euro anyway, and the acrimony means it may also exit the EU.
Well. Done. Team.
Bookmarks