No news is good news. The Greek debt crisis and even the euro have momentarily disappeared from the headlines. Europe and the euro will survive and will do even better than that, much as this displeases the Murdoch media, conservative think tanks and pundits all over the world, including in Europe itself.
More interesting is the effect of the present multiple crises on the institutional set-up of the EU. During the euro crisis it has become evident that that the European Central Bank serves as the main technical pillar of the common currency. This is fine but cannot last indefinitely. A …read more
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