No it's actually much worse than being out of the Euro. And makes it much harder when they actually exit the Euro. Each bailout has made the Greek state weaker and made their negotiating position more worthless. In the end they will be thrown off the edge anyway.
The capital controls will not be lifted.
So you're saying being a "yesmen" is better? I don't see that.
It is not better, it illustrates how worthless democracy in the EU is. Power structures are still maintained, but the point is, that it is Germany that's pulling the shots, not some union on 15 fed up states. Germany could come out tomorrow, decide austerity was a mistake and killing these other states and they'd be met by a round of applause. Whereas anyone who disagrees with Germany's position has a much harder time being heard if at all depending on how much pressure Germany is applying at the time.
The problem is there has been no logistical preparations for a Grexit on the Greek side. And no, none of this is going to help. This is a disaster that will bring Greece back into negotiations in 3 years time but now even weaker.
Isn't that to be expected if you take out a loan, use it to invest, and then don't pay it back?
That's populist BS. You found your easy target and now you're not better than the tabloids writing nationalist headlines.
This is exactly the kind of thing that the Eurozone prevents.
So in your previous post you admitted that they were yesmen no? Then if it is so, how is what I wrote incorrect.
That tends to happen when there's no counterbalance anymore. Back in the day, Spain, Italy, UK, West Germany and France could, in various combinations, check each other's runaway ambitions. This system no longer exists, in no minor part due to the entry of the many small countries (but also because West Germany was far less economically influential than the united Republic is today).
I didn't admit that at all, I questioned why being a yesmen is better and not a reason for boycott as well. I know there have been many many politicians throughout Europe for months now uttering their unwillingness to support Greece any further and this was all way before any new talks started or any proposals were written. I know you've read them, too.
What? You cannot buy goods from Bulgaria? Polonia? Romania? because Eurozone prevents it? How so?
You can, that's what they have been doing. But everyone is buying from these states. That's why the cost of living cannot be significantly lower within the Eurozone even if it is so.
That statistic is pointless since they kept their true budget deficit (which was way more than 3%) hidden since 2001.
It all tends to come back to Protestant views on labour, money, debt, etc.
Greece has shitty agricultural conditions for grain crops. They need to import most of the grain they use in their bakeries. Many other Eastern European countries (Bulgaria and Romania in particular) have adequate to good land for large-scale industrial agriculture.
I'm no fan of Pablito, but if you think that Podemos is anything like Syriza when it comes to economics, I have a bridge to sell you. Their allegiance is one of political interest over beliefs. Our economies are also massively different. That's some PP fear mongering.
It's right up there:
In other words. The backbone delivery infrastructure. AKA the management of the energy market.
Possibly but certainly not completely true. The debt would still be there.
I used to think that was the case too. But the difference is that they can still be held accountable. The EU are not accountable and do not give a rat's ass about the fate of the Greek people.
It doesn't work that way. You can't sign bilateral treaties like that anymore, it's one large common market where Greek goods compete with those from other countries. I remember seeing oranges from freaking Zimbabwe last time I went to a local supermarket. Bloody Zimbabwe, where a wad of cash is best used as bog roll. How does one compete with that?
It doesn when you factor in all the transportation costs, especially since they tend to be over road, due to Greece's terrain not being very conducive to rail building.