So you've described Greece as a bunch of scheming petulant children.
"Our plan to be inaccountable didn't work, so we'll try a different scheme instead".
And yes, it's a huge problem. That's why I called the situation unwinnable.
"Our plan to be inaccountable didn't work, so we'll try a different scheme instead".
And yes, it's a huge problem. That's why I called the situation unwinnable.
https://www.statbureau.org/en/greece/inflation-charts-yearly
I know you permanent money people are keen on a dog eat dog world where you trust no one and see everyone around you as a competitor to defeat.
Destroying their peoples lives with inflation so they could continue the parade would be even worse for both Greece and EU as a whole.
The introduction of the Euro was the start signal for each country to try to inflate as much as they can for their own benefit - since the first inflator gets the best value out of the currency. Idiots are left holding paper currency worth less and less each day. Having to work harder and harder in a never ending spiral.
The country which by legislation or by other means makes it easier for banks to lend out money will benefit their own citizens and companies, since they get to be the first spenders of newly created money before it reduces in value. That's how national governments can use inflation for their own benefit within a common currency system. But no government involvement is necessary. If a group of people (in this case the Greeks) are willing to take on extraordinary amounts of debts compared to other groups, then we have the same results.
Remember that all money which was borrowed in the European "debt crisis" went somewhere before the loans couldn't be paid. Somebody benefitted, and the idiots were left to pay.
Can you quote where I did that, please?