Not really siesta states, but siesta countries, Greece, Spain and Portugal.
These are very different countries if compared to Germany, Netherlands, Belgium, the three Scandinavian countries and to a slightly lesser extent France.
Your German is so wondering why they have to prop up a country like Greece. I wonder why too.
How on earth did these siesta countries gain admittance to the EEC or whatever it is now called? They are just not at all compatible. Countries need to have a clean financial history before admittance, not be corrupt and buyers of votes to the extreme.
Why did the EEC pump so much money into Ireland, to the point where it was absolutely booming but without any sustainable foundation?
As for Iceland, governments are suppose to protect and look after their citizens, not open their country to the financial wolves.
Where do we go with Britain? Generally the English don't seem to like being part of the EEC and they certainly don't want Euros as their currency. What they especially don't like is there open borders to Europe, not so much to do with northern Europeans coming and going, but with Eastern Europeans having open access to Britain. It will be interesting to see what the incoming government will do about that problem.
Right, it is not the EEC anymore. European Union is the go now.
Conjecture everywhere, but is Greece really only the first domino? I have heard that even Brussels is in financial strife too.
The EU is often accused of being over regulating and bureaucratic. Seems it wasn't so good with rules and regs when it was investigating Greece for admittance.
I am sure of two things.
The lessons learnt from the world financial crises will be good for up to one generation, and then it will all happen again. It may not even take that long, given how snouts were never really pulled from the trough.
Who pays for the financial mess? The poorest and the honest workers of course. Don't we all love capitalism.
PS This is a draft but it has hung around for long enough and I don't have anything else to quickly post.