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

To: combjelly who wrote (565202)	5/8/2010 1:14:40 PM
From: tejek	Respond to of 1574070

"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." That is almost certainly not an option. I don't know for certain, but I would be very surprised if there is a legal basis for this. There usually isn't in these sort of treaties. It would be like dropping California out of our system because they can't get their budget under control and are unlikely to without modifying their laws. Yup. It would be like dropping one of our states. I suspect that's exactly the opposite of what the EU wants to do right now.

To: combjelly who wrote (565202)	5/9/2010 2:26:30 AM
From: Tenchusatsu	1 Recommendation Read Replies (1) \| Respond to of 1574070

CJ, > It would be like dropping California out of our system because they can't get their budget under control and are unlikely to without modifying their laws. I don't recall California being a sovereign nation like Greece is. Nor are the troubles in California causing the dollar to drop, despite California being a much bigger part of the American GDP than Greece is relative to the European GDP. Tenchusatsu