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".
They will probably work out some special status for Greece.
Currency union without full political union never works. Regardless, from the present situation, a viable solution might be a currency union for the Southern European tourist economies of Portugal, Spain, Italy and Greece. However, even that may only delay revolution or war.
(Score: 2) by cafebabe on Saturday July 18 2015, @08:43AM
Currency union without full political union never works. Regardless, from the present situation, a viable solution might be a currency union for the Southern European tourist economies of Portugal, Spain, Italy and Greece. However, even that may only delay revolution or war.
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