So you've described Greece as a bunch of scheming petulant children.

"Our plan to be inaccountable didn't work, so we'll try a different scheme instead".

And yes, it's a huge problem. That's why I called the situation unwinnable.

They could neither fix the problem with the policy tools a country with its own currency would have, nor did they have the automatic support from a central budget a region or state of a country would have.

	▲	nradov 22 minutes ago \| parent [-]
		Greece could have fixed their problems by cutting spending and collecting more taxes (not necessarily higher taxes, but actually collecting the taxes that were owed). Currency inflation was never necessary.

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philipallstar 23 minutes ago | parent | prev | next [-]

> So you've described Greece as a bunch of scheming petulant children.

Can you quote where I did that, please?

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carlosjobim an hour ago | parent | prev [-]

No, the Greeks were cool and calculating, turning an inflating fake fiat currency into hard assets like real estate, while not working or producing anything.

The introduction of the Euro was the start signal for each country to try to inflate as much as they can for their own benefit - since the first inflator gets the best value out of the currency. Idiots are left holding paper currency worth less and less each day. Having to work harder and harder in a never ending spiral.

	▲	pjc50 an hour ago \| parent [-]
		The Euro had a much better set of inflation controls than most of the previous European currencies. Especially the lire.