Fraser Institute says euro remains good for Greece

2012-01-26 20:47 ET - Street Wire

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Why do these clowns keep getting published? Who is attending these seminars? So joining the Euro was a great thing for Greece because it was supposed to impose stiff government spending guidelines... only it didn't - at all. There are only two ways to incentivize behaviour - the carrot and the stick - and countries like Greece need HUGE dose of stick and all they got before 18 months ago was a steady dose of carrots. So, in fact, joining the Euro actually did WORSE for Greece, because if they had to deal with the IMF or WorldBank they probably would have forced to smarten up by now; instead they now have another four years of shit ahead and the possibility of bringing down the European empire in the process. AWESOME!