décryptage

The Debt Crisis in the Euro Area: Interest and Passions

We could pretend to be unaware that the crisis threatened the European Union itself as long as only a bank, an area of industry, or a neighboring country were affected. However, when it hit a country like Greece, a member of the euro group, it became self-evident that while Europe may not be to blame, it could well become the great global crisis’ main victim. […] Thus Europe is once again facing both an opportunity and a risk at the same time. The Union today needs to complete its project, and thus it has an opportunity to do so.



We could pretend to be unaware that the crisis threatened the European Union itself as long as only a bank, an area of industry, or a neighboring country were affected. However, when it hit a country like Greece, a member of the euro group, it became self-evident that while Europe may not be to blame, it could well become the great global crisis’ main victim. […] Thus Europe is once again facing both an opportunity and a risk at the same time. The Union today needs to complete its project, and thus it has an opportunity to do so.



EMU | Euro