- Politics and Social Issues
Save'em or Leave'em? How Greece should be dealt with
Save'em or Leave'em?
Today I read an article from the UK Telegraph in which Boris Johnson, a leading columnist, described the chaos in Greece as a choice between swallowing the German medicine - and therefore staying part of the eurozone - or relinquising their membership and re-introducing their national currency, the Drachma. The choice is of course up to them, as we in Europe could easily survive economically without them. However, with all the internal struggles the EU has gone through over the last couple of years - from a surging wave of extremism to several members complaining about the excess legislation - we should certainly take the Greek possibility of exit with precaution.
Although the financial case for keeping Greece inside the eurozone is rather feeble, the case for unity and integration is one the Eurocrats and leaders should not overlook. If, and I suspect this won't occur unless the Greek decide otherwise, Greece is doomed to return to its pre-membership years, then it might catapult in a domino-like effect whereby other countries wish to re-proclaim their sovereignty; if this may seem extreme, a Grexit may at the very least shake the metaphorical walls of the EU and further weaken its united status.
No country so far has joined then left this almighty, supranational organization that is the European Union - if one country were to do so, only imagine what the future holds.. thoughts will creep in people's minds and if Greece were to survive by itself then anxieties towards the EU and its single currency may deepen larger. We must be wise not to underestimate the effects of a Grexit, and be prepared for the worse.