Fenton
DP Veteran
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That's true. Greece also had another
problem, which I think was an even
bigger one: They were brought into the Euro when they were far from ready. It was 3,000 drachma to the dollar. Even Italy, whose lira was 1,800 to the dollar, is better off (although Berlusconi found other ways to screw them up). In contrast, the French franc was only 5 to the dollar, and the German mark was about 1.8 to the dollar. Greece was not ready to handle the new Euroeconomy.
BS, all they had to do was abide by the treaty everyone agreed upon and signed.
Tha Maastricht treaty.
They financed their current rising spending to support a growing public sector by leveraging their future " revenues " and taxing the people in Greece who were productive.
Are all Liberals as historically incompetent as you are ? ( Rhetorical )