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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (565161)5/7/2010 11:07:46 PM
From: Tenchusatsu1 Recommendation  Read Replies (4) of 1574096
 
CJ, > In a sense. It threatens the stability of the Euro, and by extension, the EU. And that would be bad.

If the real problem were just confined to Greece, the EU could simply drop Greece out of the Euro system and let them decline on their own.

I think the real problem is that the whole Euro system is flawed. Without any authority to force painful measures such as the austerity plan upon slacker nations, there is no incentive to follow the rules.

And it's not just falling apart in Greece. Other Euro nations are on the brink as well. No way our markets would suffer so much if it were just Greece.

Tenchusatsu
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