No longer does anybody in Brussels dare to resist orders from Berlin. Do we want a Europe run by decree? It’s time for debate.
Chancellor Angela Merkel’s manner over the Greek conflict has been mostly obliging, while her finance minister Wolfgang Schäuble played the role of bad guy.
Thanks to a loathsome alliance, Merkel and Schäuble have been able to impose all of Germany’s demands on Greece. The result is a regime of sanctions and coercion.
The ECB denying Greece emergency loans would be blackmail, writes the economist Martin Hellwig. A crisis like 1931 could be created.
What kind of a Europe do we want? Surely one that values solidarity. The German course of austerity therapy has failed. It is time to correct the mistakes.
The outcome of the referendum is clear. Now more than ever it’s up to the ECB, alongside the Greek government, to come up with solutions.
The monetary system is based on confidence, and that confidence has been shattered. The end of the monetary union is dawning – even if Greece remains in the euro.
Angela Merkel is prepared to push through a third aid package for Athens. The opposition accuses her of wanting to help the Greek banks, not its citizens.
Syriza’s politics was a proposal for the system to show good will. This was both naïve and impassioned.
