Reply to post: Re: The facepalm is strong in this one

Brexit? Cutting the old-school ties would do more for Brit tech world

Alan Brown Silver badge

Re: The facepalm is strong in this one

"The EU is a fluffy cuddly thing... that has driven Southern Europe into the ground."

Southern Europe has done a very good job of that all by itself.

As for what happened in the recession in Greece, it's a replay of what the West did to the Asian Tiger economies when they faltered: IMF lends the country in trouble money which is used to pay off the bankers immediately and then the IMF loan must be repaid - in other words the IMF is more-or-less directly propping up bad bank loans instead of forcing the original lenders to take a haircut.

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