The eurozone has shown itself unable to manage its basic moral responsibilities....
It is an odd spectacle to watch a central bank with a treaty duty to uphold financial stability take the deliberate decision to precipitate the collapse of banks that it regulates. But the deeper point is that the insane construction of the euro - a naked currency union without fiscal and political foundations - must inevitably tend to authoritarian monetary dystopia in the end....I'd say the "game theorist" is winning. He has managed to trash neoliberalism and the eurocrats to the degree that only fools and fellow kleptocrats would do business with them now.
The Telegraph
Europe has suffered a reputational catastrophe in Greece
Ambrose Evans-Pritchard
2 comments:
"Europe" doesn't give a shit. It's what Washington wants.
This is what so called luxurious pensioners look like in Greece. Corruption in European terms means having laws that favor workers, the poor, elderly and sick and government ownership over private corporations.
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