In retrospect, it seems crazy that states should form a union without specifying whether they’ll be allowed to secede from it, but this is what actually happened, with the worst imaginable consequences following eventually.
Note that the EU had the comparable problems recently with the PIGS countries: “hmm, they’re on the Euro now and there’s no way to get them off it.” Much more amicable than the US’s experience (and the situation was reversed: wanting to eject someone rather than wanting to secede), but still unpleasant.
Citation needed, I think. I’m not aware that anyone wanted to eject any country, either from the euro or the EU. There were suggestions that it was in Greece’s interests to withdraw from the euro, devalue its currency, and then re-join at a later date, at a different exchange rate. But that would have been a de-facto default so that step, once taken, would have damaged the reputation of other eurozone sovereign debt.
Thanks. The unspoken model I had in mind was that there was no desire among member-state governments or in the EU commission to have Greece removed. I think this is a little closer to the original intent (the CSA secession was carried out by governments, after all). But apologies for not being clear and now, I suppose, moving the goalposts somewhat.
Note that the EU had the comparable problems recently with the PIGS countries: “hmm, they’re on the Euro now and there’s no way to get them off it.” Much more amicable than the US’s experience (and the situation was reversed: wanting to eject someone rather than wanting to secede), but still unpleasant.
Citation needed, I think. I’m not aware that anyone wanted to eject any country, either from the euro or the EU. There were suggestions that it was in Greece’s interests to withdraw from the euro, devalue its currency, and then re-join at a later date, at a different exchange rate. But that would have been a de-facto default so that step, once taken, would have damaged the reputation of other eurozone sovereign debt.
German poll showing more than half of Germans wanted Greece kicked out of the EU, British editorial suggesting to kick them out. Sufficient?
Thanks. The unspoken model I had in mind was that there was no desire among member-state governments or in the EU commission to have Greece removed. I think this is a little closer to the original intent (the CSA secession was carried out by governments, after all). But apologies for not being clear and now, I suppose, moving the goalposts somewhat.