Ironically it is the solidarity of Europeans with their common culture that could drag down the EUR. Nobody wants Greece out of the EURO because it’s the cradle of European civilisation. However, as far as economy and attitude are concerned, they are outside the other members.
I would liken the case of Greece to that of the planet Pluto. Scientists reckoned Pluto was a planet for a while, and included it in the planet club as the ninth planet of the Solar system. After a while, scientists saw that it was too remote to be a planet really, and belonged among these other “dwarf planets” or “plutoids” that kept on being discovered, ie the so-called Kuiper Belt.
Greece is still a Euro-Zone country, a planet, because people haven’t managed to determine the reclassification – we don’t have an economical Kuiper Belt to reassign Greece too. We are also wary of the effect of a nation that would contuniue to be an EU member being squeezed out of the EURO, left to fend for itself and failing to do so. Regardless of the poverty and problems that would ensure, the nation would still be in the EU. They would still be having their hand out for subsidies one way or another.
If they were removed from the EU and plunged into economic chaos, then probably the Chinese would come back and renew their bid for the Port of Thessalonica again, but this time there would be less to stop a potential dictator sweeping aside the mess Orban style and enabling Chinese investment, which would put the cradle of Western Civilizisation in thrall to the Han Dynasty.
On a lighter note, just because Pluto became a non-member of the planets club, it doesn’t mean that the infection passed on to Neptune or Uranus. Portugal seems to be taking its medicine, Ireland too. While in Greece there is chaos with people out on the streets burning stuff and there seems to be little to show for the previous EU investments while the Iberian countries made significant improvements to their infrastucture and invested their fundings more wisely.
Logic would say get rid of Greece. Sentiment towards our common culture says “bale them out some more”. And unfortunately, they know that.
- Surface of Pluto May Contain Organic Molecules (space.com)
- Give Pluto Your Stamp of Approval (wired.com)
- What if Greece goes Bankrupt? Astrology suggest this might be for the Best! (debramoolenaar.wordpress.com)
- Pluto’s Surface May Contain ‘Building Blocks of Life’ (inquisitr.com)
- There really could be a giant planet hidden far beyond Pluto [Astronomy] (io9.com)