What is the best thing Greece can do to keep its Sovereignty?
It is so sad to see countries struggling, and Greece is kind of in the forefront of things as an example right now. Italy may soon go that way, France could eventually, so could the United States. What can Greece and other countries do to keep their sovereignty?
*sigh* why why why does no one read about these things, the "socialist" government that took over Greece only months before the crisis was not responsible for it, in fact all they did was conduct an independent review of the Treasury and discovered that the previous government (right wing) had been lying about the economic problems and massive debt so that the EU would not get involved in their economy and to hide their failure, the only fault the "socialist" government has in this is doing the honest thing and making it public and clear that the country was in fact broke.
It's not looking good for them. For years they covered up the problem and now it is punching them repeatedly in the face. But one could argue that joining the EU eliminated some of their sovereignty, as it linked each member nation at the hip economically (except for the UK which refused to use the Euro).
It might help to weather the storm by backing out of the EU, and lower the amount of imports for a few years. It will not make things better short term, but increased reliance on domestic goods (provided they have the ability to make them) could help to at least get back to neutral ground. That is the first step on their road to recovery.
As much as it would hurt them, cutting back on the woefully excessive social services may be another option. There was no way they could sustain such an expense; lying just made it worse.
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