… Should Greece have Been in the Euro ?? [# No]…
Posted by paulfromwloh on Tuesday,November 29th,2016
.. to be honest , No ! ..
.. why ?
.. first , their national financial statements .. Greece would have had to present them to the E.U. and the E.C.B. before being admitted to the Euro . Then , those statements would have had the have been audited . The results of that would have shown that those statement were as phony as a 3 dollar bill ..
.. second , even with proper financial statements , are the condition of Greece ‘ s national finances . There would have been no doubt that Greece would have been in no shape economically to handle the competition of being in the Euro , because their economy would be subject to stresses that it could not handle ..