August 22, 2012

Germany Isn't Helping by Undermining Euro

Clive Crook, Bloomberg

AP Photo

A particular fallacy of the let-Greece-exit school is to imagine that European Union leaders would manage that process well, rather than performing at their dismal standard of the past several years. What sane man would bet on such a transformation? To imagine what might happen, apply the EU's demonstrated level of purpose and competence to that vastly more demanding test. A divorce as badly bungled as their efforts to save the system simply doesn’t bear thinking about.

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TAGGED: Greece, Eurozone, Europe, Angela Merkel, Germany


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