Earlier quoted context omitted.
Greece was fiasco for Euro. It's a lesson learned now, and ECB will hold binge spenders on a leash. UK can leave EU, Greece or Eastern Europe can not.
It’s more that the Euro has been a fiasco for Greece, Italy, Portugal and Spain... It’s fundamentally problematic to have a single exchange rate between countries with different inflation rates, balances of trade, etc. - because you can’t have an exchange rate that works for everyone and the value can’t move between the other economies to balance out the differences. The only way around that (apart from going to sepa…
They now enforce the limit of how much debt a country can sell, and at what terms much more rigorously