On Thu, 26 Mar 2015 17:03:10 -0500, jim "
wrote:

Ed Huntress wrote:
Germany, like the US, the UK, Switzerland, the Scandinavian countries,
and every other developed economy, keeps paying off its government
securities and then selling new ones. In other words, it keeps rolling
its debt over, generally with no problems.

Greece was not allowed to do that.
Had Greece not joined the EU there would
have been nothing preventing it from doing
the same as the other countries you mention.

Well, as I understand it, the big issue is the bailout. Without the
euro, they probably wouldn't have gotten a bailout. But it had
specific terms for payout.

--
Ed Huntress