Sarkozy: It was a mistake to let Greece join the Euro, and mistakes have consequences

[alexmst]

(CNN) During a live televised interview in Paris Thursday, French President Nicolas Sarkozy said it was a mistake to admit Greece to the euro in 2001.

"Let's be clear; it was a mistake," Sarkozy told French television.:thumb:

"Greece came into the Euro with numbers that were false and its economy was not prepared to assume an integration into the Eurozone. It was a decision that was taken in, I believe, 2001, for which we now are paying the consequence."

 

[rhuarc29]

(CNN) During a live televised interview in Paris Thursday, French President Nicolas Sarkozy said it was a mistake to admit Greece to the euro in 2001.

"Let's be clear; it was a mistake," Sarkozy told French television.:thumb:

"Greece came into the Euro with numbers that were false and its economy was not prepared to assume an integration into the Eurozone. It was a decision that was taken in, I believe, 2001, for which we now are paying the consequence."

If they were fed the wrong numbers, was the decision really a mistake? If the numbers really were up to snuff, would Greece be in the crisis it is in today? Even in hindsight, it's difficult to tell.

 

[shack]

If they were fed the wrong numbers, was the decision really a mistake?

The mistake may not be their fault but it was still a mistake, for which they are now paying.

 

[rhuarc29]

The mistake may not be their fault but it was still a mistake, for which they are now paying.

I suppose it was at that. What I meant to ask: was it the right decision based on the info they had?

 

[K Douglas]

Lots of mistakes were made by many European countries. Their nanny state entitlements have bankrupt the community and they are taking the global economy down with it.

 

[JohnLarue]

The Euro was a mistake to begin with
Time will prove you can not have a common currency without a common fiscal policy.

I suspect that time will also show that one or all of Spain, Portugal, Italy and Ireland cooked the books to join and they also have a god awful debt mess.
German's must be so pissed as they will have to pay for the excess of other less disciplined governments.

 

[Rockslinger]

If Greece was admitted under false pretenses, I think that is grounds for an annulment.

 

[Loosely]

Hey, I was dressed as a Greek for Halloween. Do you know where I can find Germans to lend me money ? .

Why work when there are morons who work hard for money. I want to invest my loan back in Germany.

 

[shack]

If Greece was admitted under false pretenses, I think that is grounds for an annulment.

And does that make any difference compared to the deal being voted down in the referendum?