You are here

A look at history makes a case for loan default and Grexit

By exiting the EU, Greece can begin to correct past mistakes and put its economy on a path to recovery. The EU would be wise to unravel the currency union and throw a lifeline to its distressed economies.

The size of the Greek debt necessitated lending on a scale far exceeding what other countries could expect.

THE first sentence of the 1957 Treaty of Rome, the founding document of what would eventually become the European Union (EU), calls for "an ever-closer union among the peoples of Europe". Recently, however, that ideal has come under threat, undermined by its own political elite, which adopted a...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to