It is important to remember that the European Union is by TREATY. Said treaty does not allow for a member to be thrown out without that member's agreement.
Greece needs a Marshall Plan. After WWII, we did not punish Germany, but instead the Marshall Plan helped Germany recover from the devastating war. We decided that BLAME was not the issue, the issue was to prevent another war.
Germany rode high on the economic boom brought by the European Union. I do not know why Germany has decided that they can only have the upside of the EU. The downside of the EU is that sometimes a member country may be in trouble.
Instead of offering Greece effective help, Germany offered Greece BLAME. Be more German, was their advice.
AUSTERITY DOES NOT WORK. AUSTERITY MAKES AN ECONOMY CONTRACT, thereby making certain that the contracting economy can not pay back any loans.
Germany led the EU in insisting upon a policy which was doomed to failure from the start. Now Germany has a chance to lead the EU into a compassionate policy which will help Greece to fix itself.
Germans are not stupid people. I believe that Germany can lead the new Marshall Plan to help out the poorer countries.
The results will be a stronger, richer European Union.
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