It’s more than two years since the debt crisis began in Greece. So it’s not surprising that the rest of Europe is becoming frustrated at the Greeks constantly missing budget targets and watering down austerity measures.
But the cuts needed are so deep and will hurt the populace for so long that the Greeks are beginning to doubt whether it is worth it to stay in the monetary union. While rioters in Athens are making their feelings on the matter forcefully felt, eurozone leaders are beginning to question the viability of keeping Greece in the single currency too.
It’s more than two years since the debt crisis began in Greece. So it’s not surprising that the rest of Europe is becoming frustrated at the Greeks constantly missing budget targets and watering down austerity measures.
But the cuts needed are so deep and will hurt the populace for so long that the Greeks are beginning to doubt whether it is worth it to stay in the monetary union. While rioters in Athens are making their feelings on the matter forcefully felt, eurozone leaders are beginning to question the viability of keeping Greece in the single currency too.
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