alt Hacker NewsSo 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.
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> So you've described Greece as a bunch of scheming petulant children.
Can you quote where I did that, please?
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.
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.