May 01, 2010

The Euro or the EU?

Sir Alan Beattie is right deriving “Lessons for the Greek crisis from Philip II of Spain” May 1. Greece is of course much better of keeping all the help they can get for the morning after than for the night before… especially when in this the night before, though very late, it is so hard to discern any morning light.

Only a speedy restructuring of Greece´s debt can avoid having to choose between the Euro and the EU.