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The problems faced by the Greek economy are inherent to the structure of the

European Community as such. The EC has been holding to a monetary policy

suited to a mature industrial economy - Germany, in point of fact - whereas the consditions in

Greece would have called for quite another. A cheaper currency would have helped Greece.


I have always seen the European Community as an evolving thing, making necessary certain kinds

of economic integration or arrangements. This 'become like us or die' position is unrealistic.

Greece appears to me in an untenable position. All very unfortunate.

http://www.vox.com/2015/6/29/8863313/theres-a-simple-solution-to-greeces-problems-but-europe-wont-try-it