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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (189237)	5/15/2012 1:34:26 PM
From: Dale Baker	Read Replies (3) \| Respond to of 541755

it has always been a fantasy to believe that the Greeks would democratically choose to destroy their economy for the better part of a decade in order to pay foreign creditors. I am amazed that the Greeks don't grasp how the economic destruction is going to be far, far worse outside the euro zone. No one wants to fund them at anything except ballistic rates, and they don't have enough assets or productivity in their economy to go it alone. I heard one prediction that their GDP will contract another 25% if they are dumped from the euro. How that's preferable to their current dilemma is beyond me.