English Blogactiv Posts - EU Blog Platform

Today’s headlines in nearly all national and European newspapers are gloomy. For example Le Monde’s headline tells us that Greece has another 10 days to avoid the worst. The Financial Times published in a post by Gideon Rachman that a political union cannot fix the Euro! Frankfurter Allgemeine Zeitung argues that the German taxpayer holds the greatest risk. Greece cannot default. In an earlier post I commented on Krugmann’s Nevada exemple. This is exactly the case of Greece now.

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