The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
There are no treaties concerning a country's exit from the Eurozone.
Because the EU was designed as a roach motel. But it was designed by socialists and is thus failing instead of fulfilling the original design goal of Germany conquering Europe without a shot fired.
In the end, pieces of paper aren't reality. Reality says Greece is now in a no win scenario and whatever happens next they lose. Remember that the EU is currently two different yet related things, the political union and the monetary one. Greece will be leaving the monetary union, of that there can no longer be much doubt. But it is just a different world of pain outside the Euro. This farce drug on so long and caused so much pain because both sides kept pretending there was a third way, one where Greece could remain a socialist basket case AND remain in the Euro. Finally the voters were allowed to break the deadlock and pick the form of Gozer the Destructor. Can't really criticize their choice too harshly, it was the ones leading up to it that is worthy of scorn.
Because the EU was designed as a roach motel. But it was designed by socialists and is thus failing instead of fulfilling the original design goal of Germany conquering Europe without a shot fired.
If it was designed by socialists they would have given Greece *money*, not *loans*...
(Score: 2) by jmorris on Monday July 06 2015, @05:46PM
There are no treaties concerning a country's exit from the Eurozone.
Because the EU was designed as a roach motel. But it was designed by socialists and is thus failing instead of fulfilling the original design goal of Germany conquering Europe without a shot fired.
In the end, pieces of paper aren't reality. Reality says Greece is now in a no win scenario and whatever happens next they lose. Remember that the EU is currently two different yet related things, the political union and the monetary one. Greece will be leaving the monetary union, of that there can no longer be much doubt. But it is just a different world of pain outside the Euro. This farce drug on so long and caused so much pain because both sides kept pretending there was a third way, one where Greece could remain a socialist basket case AND remain in the Euro. Finally the voters were allowed to break the deadlock and pick the form of Gozer the Destructor. Can't really criticize their choice too harshly, it was the ones leading up to it that is worthy of scorn.
(Score: 5, Touché) by urza9814 on Monday July 06 2015, @06:19PM
If it was designed by socialists they would have given Greece *money*, not *loans*...