Unreasonable. Greece has been unreasonable, piling up debts it could never possibly repay. The IMF, the European Central Bank, and all the creditors are unreasonable — did you see their most recent statement on the debt-laden nation? The real issue, says Foreign Policy, is that the rules for participation in the euro were never fully laid out:
That a country in the eurozone would face this decision is not a surprise. The monetary union was not set up to deal with disparate economic cycles and divergent futures. Yet the descent into dissension still could have been avoided with three sets of firm and enforced rules: rules about how to get into the eurozone, rules about what countries could do in the eurozone, and, yes, rules about how to get out of the eurozone.
How Greece became a lesson in the perils of no rules, Foreign Policy
What’s next? Alas, take a look at Argentina, where hedge funds have been skirmishing over bond payments for years and years.
Photo by Greek National Team (Official) on Instagram