Thursday, 5 July 2012

Smashing the Spinning Plates


How long can the Eurocrats in Brussels keep the dinnerware in motion?


The outcome of the June 17 Greek election—a narrow victory for the conservative New Democracy over the leftist Syriza party, and the prompt formation of a “pro-European” coalition government—predictably unleashed a gigantic sigh of relief all over Europe. The catastrophe was averted, European unity had prevailed, etc. But, in fact, a great opportunity was missed, a unique chance for Europe to finally confront the depth of its economic and political deadlock.