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Expel Greece - a cure worse than the disease | Presseurop (English)

The truth is no one really believes in this illusory firewall which sacrifices intellect on the altar of imagination. If they did, the European Union would not have decided to grant yet another colossal loan to Greece on 21 February, and there would be no talk of a new federal EU architecture, with nation states handing over more sovereignty to a European government. Progress has been slow, no one has tackled the crux of the problem (the issue of the EU resources required to conduct an effective investment programme).

At times you could be forgiven for thinking that the governments of "major" countries are waiting for Greece to go bankrupt before building the Union they want to construct. This is the thesis advanced by economist Kenneth Rogoff, in an interview with Spiegel: once Athens has been expelled from the union, the impetus of the crisis can be used to accelerate the construction of a United States of Europe. But can a new union be built on the ashes of Greece? And what kind of union would we have had without the pressure of the Greek crisis?

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 22nd, 2012 at 02:29:36 PM EST
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