Quote:
Originally Posted by Eric
If the Greeks default and quit the Euro, they will have some short term benefits. The Drachma will be worth zilch; so their exports will receive a boost. And tourism will go through the roof. On the downside, lots of European banks will take a kicking. Major financial institutions will be replacing the toilet paper in their washrooms with Greek government bonds.  |
If, there's the contentious word, there was a referendum over Europe, I'm sure most people would vote to not even be in an economic union with the mainland continent now. Nevermind being part of some federal United States of Europe.
Our economy shouldn't be connected to so many fragile countries. Ones that have had civil wars in living memory, and have been run by military dictatorships, or even fascist despots.
Soon, we can look forward to having a country of 75 million join the mix, when Turkey is admitted, and even though the majority of the country is in Asia.
All political parties are too scared to give people a chance to decide our involvement with E.U...because they know as fact what the result would be.