Quote Originally Posted by Kralizec View Post
Never been to Greece. Maybe what you say is inevitable for Greece, but don't expect me to be impressed by their "austerity".

So they stopped the practice of letting droves of people retire in their early 50'ies. They froze public service salaries, after they'd already risen by over 30% since 2006. I could go on, but you get the idea.
Exactly. Severe austerity measures in Greece are five workdays in Germany.

Leaving the eurozone is not the solution. Being in EMU is what keeps Greek economy together at the moment. I'm really fascinated with the idea of Greece leaving euro and defaulting. It's basically saying, hey, have your economy crush and burn, let your GDP drop three times, have growth after ten years and proclaim victory but don't tell anyone that you need another 30 years of that growth to reach 2010 level of GDP. Brilliant indeed. In the meantime, enjoy being kicked out from just about any international financial institution and good luck with lawsuits.

Meanwhile, in the north, Germans are still angry because they still have to cover that loss. Even more French understand them completely.