Saturday, June 02, 2012

The End Is Nigh for the Greek Euro

Germany’s Bild says it’s time for Greece to leave the euro. We’re in the endgame, says Nikolaus Blome. It’s as if the vultures were circling over the proud country, he says. The Greeks are plundering their banks of banknotes. Imports into Greece can no longer be insured. And there are continual rumours that drachmas have already been printed. The country is in decay. It can’t go on like this much longer. It’s time for one of the bosses of the Eurozone to tell the Greeks the truth. As hard as it sounds, writes Nikolaus Blome, the country needs to be built up anew, from the ground up. The Greeks need a new start in economics, politics, and administration. Just as in a developing country. The first step is for Greece to leave the euro.