DESPITE the outcome of last weekend’s Greek general election, the serious problems with the euro and the EU will continue.
The 100 billion euro bailout to the Spanish banks will not achieve very much and will most certainly not solve the financial crisis within the euro zone. These are merely sticking-plaster measures or just “kicking the battered can even further down the road”.
There is no point in countries continuing to play the blame game. Most of Europe, and especially the 17 eurozone nations, are all to blame for the massive debt and chaos within Europe, because they all agreed to the formation of the euro. The entire idea and scheme is a non-starter, is fundamentally flawed and totally inoperative.
No matter how many times the “basket-case” nations such as Greece, Spain, Ireland, Italy and Portugal are bailed out, and the failing nations such as the Netherlands, France, Austria, Cyprus, Slovenia are helped, they will all fail again and again, because the euro is unworkable and must ultimately be allowed to crash and disappear. The sooner the better, because the pain will only get worse; the medicine is even worse than the disease.
David Quarrie, Lynden Way, Holgate, York.
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