Quote:
Originally Posted by nomadking
Nobody forced them to spend on the ridiculous things that they have done or not get people to pay their taxes.
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Indeed, Greece has continued to run its affairs has it always did. The difference is, southern European countries are used to devaluing their currencies every time they get in trouble. Now they're in the Euro they can't do that.
The root of the problem is that Greece was allowed into the Euro in the first place. They were locked into the system because the European Council took a political decision to declare that they met the convergence criteria. This was a complete fudge (and not only for Greece).