the2real4mafol said:
Kasz216 said:
You can be upset with what they cut. I think they've left a lot of stuff uncut that should be myself. Like their military buildup for their coldwar against turkey over cyprus that will likely never evolve into anything.
However, without austerity, they would of defaulted on their debts harder, been forcibly kicked out of the europeon Union, defaulted on their debt, and been forced to return to the Dracmha. Which would of been devalued to Zimbabwe/Post World War 1 german levels.
Leaving Greece in the position of REAL third world countries, like Somalia.
Unable to import things like even simple medicine...
You think 30% unemployment is bad... we're talking >50% Unemployment.
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It would probably be better for them if they left the EU. I'm sure the Germans must be fed with bailing them out all the time, even if it gives them power over Greece. They need to at least get off the euro so they can control currency issues again.
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I feel like you have no concept of what greece would look like without the EU.
Greece fundamentally screwed up it's economy after joining the EU. The above is what would happen if the Drachma decoupled.