Monday, April 26, 2010

Why Greece Was Brought Into Eurozone

Despite a perennially weak economy, and geographic isolation, Greece was brought into the Eurozone in 2001 as the first non-core member.

Germany and France may be stomping their feet now, but it was their idea all along. Greece as a full member of Europe blocks potential Turkish influence in the Balkans. The Ottoman Empire - Turkey - held sway in the Balkans for many centuries and certainly that potential exists going into the future. Turkey is already the world's 17th largest economy in a region of economic basket cases, and their influence is going to increase greatly over the next few decades.

1 comment:

Scott said...

I completely agree. The US should be looking at Turkey as an important ally/trading partner in the future.