Mon Feb 18th, 2013 at 04:56:28 AM EST
In talos' diary Greece: Of paupers and taxes, LEP made this comment:
Isn't it rather obvious that the bad investments of the rich countries that were made in Greece are going to remain bad and in fact are lost. What is the point of continuing these sadistic policies; there's nothing more to be bled from Greece.
How can this be stopped? Is it time for a leader of one of the large countries to declare that the euro is a failed experiment and call for an orderly breakup.
As someone who knows little of economics I do know that this crisis has brought out the worst in all parties.
There followed a long subthread that became unmanageable, squeezing up against the right margin. Read it in the original by going to LEP's comment, it would be difficult to summarize here.
Most of it, however, concerned France's historical role in the creation of the single currency. Major themes: fixed exchange rates; "sound money" and conservativism; the geographical origin of macroeconomic theories. Comment further here if you wish.