Greek crisis

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The latest turmoil in Athens shows that the Greeks want to stay in the Euro but do not want to abide by the fiscal constraints that membership of the currency requires.

The European Central Bank should tell Greece that as it 
obviously cannot reconcile 
itself to the rules every other 
Eurozone member obeys it must leave the Euro.

Sadly, the fiction that membership of the currency is irreversible means no-one wants to take responsibility for ejecting the first of the Club Med banana republics.

It is now clear that bad as things are going to be for Greece, things could be a lot worse for those who made it their job to pursue ever-closer union in Europe.

Because no-one can now argue that one size fits all in a common European economic culture – but that was one of the fundamentals of the whole absurd project!

(Dr) John Cameron

Howard Place

St Andrews

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