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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (565161)5/7/2010 11:07:46 PM
From: Tenchusatsu1 Recommendation  Read Replies (4) | Respond to of 1574059
 
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



To: combjelly who wrote (565161)5/8/2010 4:24:17 AM
From: Taro  Read Replies (1) | Respond to of 1574059
 
And that would be bad.

Why would that be bad?



To: combjelly who wrote (565161)5/8/2010 10:31:21 AM
From: Jim McMannis  Respond to of 1574059
 
Greece is 2.5% of the EU's GDP. The aren't to big to fail by a long shot. They are lucky they are the first to rescue.


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