February 7, 2012

Euro Politicians Prolong Greek Tragedy

Dalibor Rohac, National Review

AP Photo

However flawed Greece's economy and political system might be, it would ill-advised to hand it sole blame for the present crisis. The crisis is a consequence of the utopian overreach of those who believed that European countries were sufficiently similar to sustain a currency union.

Read Full Article ››

TAGGED: Greece, Eurozone

RECOMMENDED ARTICLES

February 4, 2012
Let's Rebuild Greece Like Post-War Japan
Nathan Lewis, Forbes
In 1949, Japan was a wreck. Four years had passed since the end of World War II, but the economy was still moribund. The major cities, flattened and burned during the war, remained mostly unreconstructed. more ››
Martial music booms from the loudspeakers as warlike images gallop across monitors. A short euro crisis film montage shows police officers being posted in front of the parliament building in Athens and the jostling of frantic... more ››
February 4, 2012
Greece's Real Challenge
Katinka Barysch, Centre for European Reform
  The German idea of sending Athens a 'budget commissioner' was daft. Berlin itself could not tolerate such interference in its fiscal sovereignty (the constitutional court would never allow it). But to restrict such... more ››
January 26, 2012
The Eurozone's Strategy of Pain
Jean Pisani-Ferry, Project Syndicate
For the third year in a row, the eurozone is the weakest link in the world economy. In 2010, attention was focused on responses to the crisis on the eurozone periphery – Greece, Portugal, and Ireland. In 2011, the crisis moved... more ››