The Greek crisis and an imperfect EU

July 1, 2015 3:46 PM

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The Greek crisis and an imperfect EU

The IMF and Germany’s response to Greece’s social crisis has set in motion political responses that could have long lasting impact on big power equations within Europe and beyond. In Greece, it is the IMF and Europe’s regional financial institutions that have been found wanting

The European Union (EU) was never a union. Greece has called the bluff. At the heart of the economic crisis in the EU is a political failure. The inability, indeed the unwillingness, of the member nations of the “Union” to move beyond a single market and a monetary union to create a political entity...

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