Monday, July 6, 2015

Juggling multiple troubles

The Greeks have voted.
Now Europe has another problem area to deal with.
Even before the outcome of Sunday's Greek referendum was known, the atmosphere in Brussels was thick with recrimination - Greeks blaming Germans, most others blaming Greeks, Keynesian economists blaming a blinkered obsession with austerity, EU officials emphasizing the success of bailouts elsewhere in the bloc.
While its fate is still uncertain, Athens has already shown that the euro's founders were deluded when they declared that membership of Europe's single currency was unbreakable.

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