why Greece probably should not or cannot stay with the Euro—

Why Greece probably should not or cannot stay with the Euro—Excerpt: What he [founder of the euro, economist Robert Mundell] meant is that democracy gets in the way of good economics.

So, what happens when you get rid of democracy? He says, "That leaves government only one choice," the only choice when there's a crisis, as we have now. When there is a crisis, governments will eliminate labor union power, will eliminate government regulation, will privatize industry, power companies, water companies, because they'll need to pay off their debts, and basically, the power of government and labor unions, the working class, those powers will be eliminated, and wages will fall. In order to maintain employment, governments will allow wages to fall and regulations to die. :end excerpt.

Complete article:

http://goo.gl/HzeLRR