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mk · 4346 days ago · link · · parent · post: Dan White: The economic return of Iceland has proved that the joke was on us
It seems that being a part of the EU has resulted in Greece digging deeper before it stopped. Fiscal policy is a key part of a nation's soveignty. I think that is the critical flaw in the Euro. I can't imagine the disaster that would follow if states in the US didn't have to balance their budgets every year.But can the same thing happen when you're a part of an economic union like the EU?