Eurozone Has Created a Monster and Caused Greek Exit Chaos
SputnikNews.com
12.03.2015
Controversial French economist Thomas Piketty has said that, in creating the Eurozone, “we have created a monster” and that the euro currency pact is a “true catastrophe” that has saddled Greece with an impossible task.
Greece has been teetering on the brink of leaving the Eurozone after being forced to accept tough austerity measures by the EU — principally forced by the European Central Bank and pressure from Germany.
The country joined the Eurozone amid much speculation that it had lied about its ‘convergence criteria’ — the various measure of government borrowing and debt that would indicate an economic cycle comparable with the other countries.
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