Whose fault was it?

[DodgyAgent]

Clearly the Euro, by imposing a one-size fits all fiscal and monetary policy on a set of very diverse, non-convergent states.
The result was absolutely predictable - and in fact was predicted by Lawson and Hague 20 and 10 years respectively before the current events.
HTH

According to Blaster Bates those who disagreed did so for emotional reasons

As opposed to those who supported it, who did so for sound economic reasons supported by historical examples of successful currency mergers.

[BlasterBates]

According to Blaster Bates those who disagreed did so for emotional reasons

As opposed to those who supported it, who did so for sound economic reasons supported by historical examples of successful currency mergers.

You blame the Greeks debt problems on the Euro, and you're wrong.

In 1992 the Greek national debt was 105% of GDP. in 2007, just before the banking crisis, the Greek national debt was 105%. It then shot up after that, and is now 165%.

Greece Public debt - Economy

Can you explain to me how not joining the Euro would have forced their national debt down, given it was just as high beforehand?

[OwlHoot]

I quite like Nassim Taleb's lessons on Black Swans. ...

Although he makes his lessons sound practical, and his brisk style adds to that illusion, many of them in the real world, with its limited information and resources, are no more than academic and idealistic aspirations.

[DodgyAgent]

You blame the Greeks debt problems on the Euro, and you're wrong.

In 1992 the Greek national debt was 105% of GDP. in 2007, just before the banking crisis, the Greek national debt was 105%. It then shot up after that, and is now 165%.

Greece Public debt - Economy

Can you explain to me how not joining the Euro would have forced their national debt down, given it was just as high beforehand?

The euro removed the checks and balances that would have stopped Greece from going bust. The Euro is now preventing Greece form doing anything about it. Anyone with a modicum of intelligence can work that out. If you tried reading any of the newspapers they have been explaining this for several years.

[BlasterBates]

The euro removed the checks and balances that would have stopped Greece from going bust. The Euro is now preventing Greece form doing anything about it. Anyone with a modicum of intelligence can work that out. If you tried reading any of the newspapers they have been explaining this for several years.

Greece could go bust tomorrow if they so wished. The leader of the Syrizia party proposed exactly that.

No-one is preventing Greece leaving the Euro.

So if it is so obvious why don't they do it?

Could it be because they might have to suffer the same pain that Argenitina did when it went bust?

Did Argentina do this willingly? or did they forcibly go bust.

[AtW]

Clearly the Euro, by imposing a one-size fits all fiscal and monetary policy on a set of very diverse, non-convergent states.

What about USA? Detroit is very different from New York.

[AtW]

So if it is so obvious why don't they do it?

They forgot to ask DodgyAgent's opinion clearly

While on the subject - The Telegraph has got a couple of column writers who mainly keep writing bollox about how euro is going to end and how terrible it all is. They'll still be writing this next year and until such point they get paid in euros!

[BlasterBates]

What about USA? Detroit is very different from New York.

That sounds like a reasoned argument, I think you need to look at it from a more "emotional" viewpoint.

[BlasterBates]

They forgot to ask DodgyAgent's opinion clearly

While on the subject - The Telegraph has got a couple of column writers who mainly keep writing bollox about how euro is going to end and how terrible it all is. They'll still be writing this next year and until such point they get paid in euros!

absolutely, in the longterm there's going to be a need for more integration not just between European countries but globally. These are global problems.

[sasguru]

That sounds like a reasoned argument,.

Only if you possess the reasoning power of a gnat.
HTH