I think EU membership is very good for Greece, euro membership not. | Hacker News

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ptaipale on June 24, 2016 | parent | context | favorite | on: UK votes to leave EU

I think EU membership is very good for Greece, euro membership not.

lisivka on June 24, 2016 [–]

Why? Why stable currency is bad for Greece?

ptaipale on June 24, 2016 | [–]

Because they would desperately need to float its value down to regain competitiveness. Now they can only do it by lowering wages through massive unemployment, civil unrest and layoffs in public sector.

This is not limited to Greece, of course.

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