Greek default position

Lucas Papademos, prime minister of Greece (picture Greek Ministry of Finance)

Letter in the Daily Telegraph

SIR – Peter Oborne calls for Greece to be “allowed to default and devalue” (Comment, February 16). It does not need to be allowed: it is already free to do so. It would mean turning its back on economic integration and the financial support it is currently receiving from its European partners, but it can make that choice.

The insistence by other member states on economic reform, which Peter Oborne calls “cruelty”, is based on the belief that no further loans should be made without evidence that previous promises are being kept. What conservative would reward broken promises with more money?

Richard Laming
Chairman, Federal Union
London NW2

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