Regions / Greece
Europe's proven plenty capable at regulating lightbulbs and vegetables. But it's failed utterly at making democratic decisions about money.
From Athens to Tehran, powerful countries make the rules and break the rules. Everyone else just squeezes the best deal they can — for now, anyway.
Greece and Germany don’t belong on the same continent, let alone in the same currency union.
The German government has forgotten how much debt forgiveness contributed to its post-World War II economic success.
Half of young Greeks are unemployed, and over 40 percent live in poverty. Is default really worse than letting Europe squeeze the country dry?
Golden Dawn is deeply rooted in the political culture of Greece.
As Germany squeezes Greece, it’s in denial about the skimpy reparations it paid Greece for World War II.
The deal that was cut in Brussels buys Greece valuable time.
The European debt crisis has little to do with poor budgeting and everything to do with crony capitalism.
Thriftiness has served Germany well in the past, but the German culture of austerity suffers from selective memory.