Liberty and Linguistics wrote:Teemant wrote:
Because they were in euro system probably allowed them to borrow more because investors trusted them.
Yes, exactly. That was part of the problem. But, the very fact that they could borrow excessively shows the problems with a monetary, but no fiscal union. European federalism FTW! Furthermore, Greece totally didn't lie about their debt upon joining. *glares at Greece*
Well, at least the two Greek parties responsible for the mess are on their way out. If their successors will provide to be a more integre, responsible leadership however, is anyone's guess.