politics. financial crisis. Greek default. euro. fiscal union. European union. Germany

This category contains 1 post

Eurogeddon. It isn’t just Greece’s fault. Really, it isn’t.

   We all know what the problem is:  Europe has a single currency but no central treasury – no overall financial supremo who can collect revenues and disburse them across the 17 eurozone countries on the basis of need and fiscal responsibility.  As they head inexorably toward default, the Greek people are quite rightly furious … Continue reading

Twitter Updates

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 57,082 other followers

Follow Iain Macwhirter on WordPress.com