The EU is Wrong

I disagree with the people who want to lend money to Greece.The author of this article said, ”The agenda for the summit deals with the possibility of a second financial bailout.” I know I am young, but I don’t agree with the second financial bailout. I think that the EU shouldn’t help Greece because if you help them, they might borrow money and might not pay it back. Then the problem would never go away. In their emergency meeting on Thursday I think that the EU should make up new rules about borrowing money.

On Thursday there was an emergency meeting for the members of EU and they talked about Greece’s financial crisis and how to fix it. On Wednesday Germany and France had an emergency meeting where they talked about what they should do about Greece‘s financial crisis. France and Germany were hoping Greece would pay back the money that Greece borrowed from EU instead of defaulting.

Last year, the EU gave Greece a bailout (via the IMF). Greece borrowed money, but never payed it back to the EU or the IMF. Greece asked for another bailout for this year. It looks like Greece doesn’t know how to organize their money.

Since Greece couldn’t pay back the money, EU shouldn’t give more money to Greece. EU should let Greece stay in as a member of EU, but I think that EU should make up rules about letting people borrow money. These new rules should protect the non debt-ridden countries from the debt-ridden countries.The EU should make up some rules like once you borrow money you can’t borrow more money until you have finished paying back the money you borrowed.

As you can see, I strongly disagree with the people that are trying to help Greece pay back the money. Greece never did pay back any money to EU, and if EU did lend more money to Greece then the situation might never change. My solution is to let Greece stay in EU, but Greece do need to pay back all the money before borrowing any again. I would make up a rule about once you borrow money you can’t borrow money until you have finished paying back the money you borrowed.