Greek crisis is European because Europe has consciously chosen to make it one
Those of you who have been following Pete’s work on the Euro crisis ought to find this analysis from John Kay familiar: The crisis in Greece – and Ireland and Portugal and perhaps elsewhere – is a crisis for Europe as a whole. Not because that is the nature of a single currency, but because Europe has consciously chosen to make it one. From its inception, the guiding philosophy of the EU was that if you took every opportunity to …