Greece...

Thrugelmir

antrobus wrote: »

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No indication as to what this "three-quarters of the population" thought was the right path. Or how that might have 'saved' Greece.

Thanks to FOM whose who able and wish to. Can jump ship. Make new lives elsewhere. The bail out may have provided an answer but not the solution.

antrobus

Thrugelmir wrote: »

Thanks to FOM whose who able and wish to. Can jump ship. Make new lives elsewhere. The bail out may have provided an answer but not the solution.

It's only an answer for those individuals prepared to do so. The recent economic crisis has indeed inspired the "third wave of mass emigration" from Greece. Apparently emigrants are "mostly young, educated people with professional experience, directed mainly to Germany, the United Kingdom and the United Arab Emirates".

https://greece.greekreporter.com/2016/07/02/economic-crisis-marks-3rd-emigration-wave-of-greeks/

Having a good chunk of its (at least potential) taxbase walk away doesn't do Greece any good.

parking_question_chap

antrobus wrote: »

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Default and a new drachma was always an option. Perhaps it still is. Trouble is, a new drachma won't change the fact that all the debt is in euros.

The bailout was nothing to do with saving Greece, it was purely to save the EU. They knew full well it could not be repaid.

The Greeks need to leave the EU and go it alone.