Will Greece be a member of the Eurozone in one or two years' time?

9% (1 vote)
55% (6 votes)
The right question is whether there will be a Eurozone in one or two years' time.
36% (4 votes)
Total votes: 11


Yanis Varoufakis' answer (=Greek economist, academic and politician, who served as the Greek Minister of Finance from January to July 2015)
Total votes: 3
Peer vote

When Yanis Varoufakis was asked if Greece will remain in the eurozone within one or two years, the answer was that the right question is whether there will be a Eurozone in one or two years. One example is that Italy can leave the eurozone and Greece is not very important. The problem is that Greece isn’t really in and isn’t really out of the eurozone. So-called "Grexit" can be the "end of the beginning" for the euro currency and would trigger a contagion effect on the entire continent. In 2001, when Greece joined Economic and Monetary Union and adopted the single currency, the omens were auspicious and expectations were great. The impression at the time was that Greece’s inclusion in the core of European economies would act as a catalyst to accelerate its real convergence with the advanced European countries at both the economic and social level. Unfortunately, these expectations did not materialise. In the years that followed, the economy grew, but not on the basis of a growth model that could ensure sustainable progress. The Greek society showed a clear preference for consumption over saving and investment, while it strongly reacted to attempts to change established structures. The political system assigned a big weight to political costs and hesitated to undertake decisive reform initiatives. The country enjoyed the benefits of the single currency, but did not try to meet the obligations arising from its adoption. I wouldn’t say that the situation of Greece was very good when the country has joined the eurozone, but I definitely can say that it became worse.
Total votes: 3
Peer vote