Re: The Euro currency can NEVER succeed
Actually, it has to do with both. Even if Greece was admitted on the basis of cooked books, there have been years of obvious fiscal mismanagement which Greece would have been obliged to remedy had there been a solid EU fiscal policy in place. From the very start, the attempt to integrate the currencies of such vastly disparate business, political and economic cultures as Germany and Greece (to name but two) seemed like madness, and the current situation should be no surprise to anyone.