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Saturday, October 20, 2012

The Europa Parliament, Greece and the crisis

In 1999 Greece was denied membership of the €-zone. Their economy was way of the scale. I mean, taxes? Not a word in Greek, apparently :-)

They were accepted in 2001 though. Something fishy happened. Com on, did the politicians and civil servants in the EU beuracracy truly believe that Greece had fixed their economy in 2 years?

They should have taken steps to help Greek with its financial situation in 1999 instead of doing them an il-concieved favour in 2001.

I think they accepted Greece to put some pressure on countries that did not support the €.

Our world leaders have had knowledge of just how bad the situation was and did nothing. Nothing, indeed :-(