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Agreed. It is high time there were an informed debate about the merits or otherwise of Grexit. Instead of just shouting that it will be terrible for Greece, maybe informed debate would inform the majority of Germans who now want Greece out what a terrible thing that would be for Germany and the egos of other political eurodoules, and what a wasteful and uncompetitive currency the euro has been for Greece. As for demanding all these reforms, the eurodoules may have identified ludicrous practices within the Greek public sector, but these practices were there writ large when the loans were originally made.

If the creditors were prepared to lend euro to Greeks so that the Greeks would repatriate euro in exchange for BMWs, Bosches and Mercedes, they should have insisted on the structural changes before entering into a national mega-hire-purchase contract.

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