Eurozone Crisis

[lorraine]

Greek's finance minister rejects the german plan to impose on them a eurozone budget overseer.

Is it necessary to go forward with a plan that will cause anger and frustration within Greece that could ultimately spread to other countries.

If we got rid of the eurozone, would countries begin to breath once more, could it be that the eurozone is stifling growth, due to the mountain of debt increasing in all countries.

If each country ran their own finances, then the amount of help they received would be what the put into the system. In this way, countries could run different taxes, work at the industries that they know best, and their currencies would be strengthened or weakened as the case maybe. Is it not economic sense to allow this to happen, then each country can grow at its own pace.

It seems that by keeping the eurozone, it maybe causing a class war, then from a class war, who knows.
Are we getting into a situation where you need to be in debt, otherwise you will be forced to more bailouts, or are we going into a situation that the amount of debt is already having a huge impact on other countries.

[angelman]

I can't blame the Greeks for rejecting this. Interesting bit on BBC, which suggest that if Germany/France had been censured when they broke EU rules then this whole situation might have been avoided.

BBC News - Did Germany sow the seeds of the eurozone debt crisis?

[lorraine]

That's interesting, we have two playing fields, two to take down, and one the other given a red card.
What possibily have you got of getting out of the quagmire, get rid of the quagmire (eurozone), and start afresh, give each individual country a chance.
These EU rules are wrecking the whole trading system, if they leave nothing open, then the trade within becomes useless, it neither benefits the countries or the people that rule it.

[zutou]

These EU rules are wrecking the whole trading system, if they leave nothing open, then the trade within becomes useless, it neither benefits the countries or the people that rule it

agree with you !