Wednesday, 5 May 2010

A Greek tragedy.

There is little point in voters in Greece kicking out their government and voting in a new lot - it is not the Greek government that controls the currency of their economically devastated country.

Today violence has reached new levels and people have been killed in a firebomb attack in Greece while protesters have tried to storm the Greek Parliament. This is the very real reality of crippling economies with a single currency that does not allow a government to devalue its currency nor sets its own interest rates. Far worse, it means voters have little choice in terms of solution short of voting for a Party that wants to drop the euro. Having the euro is not the only reason Greece is in such difficulty, but it is a straight-jacket that has certainly made the economic burden far worse.

The EU project has very real victims.

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