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The Government the Eurozone Deserves

From project-syndicate.org

Will Greece’s troubles destroy Europe’s currency union, or reveal how it should be saved? The recent controversial bailout deal – likened by some to the 1919 Versailles Treaty, with Greece in the role of Germany – offers the latest twist in the eurozone’s existential saga. The deal has caused a split in Syriza, Greece’s leftist governing party; opened a rift between Germany’s Chancellor Angela Merkel and her uncompromisingly tough finance minister, Wolfgang Schäuble; and spurred an effort by France to reassert itself within the Franco-German axis that has always been the “motor” of European integration. Meanwhile, m ... (full story)

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