New York Times
September 12, 2011
On the surface, the European debt crisis does not reveal deeper cultural differences than one can find between New Mexico and Massachusetts, two American states that are members of the same political and monetary union.
But the crisis does reveal that the European monetary union can move forward only if it really moves toward a fiscal — and thus, inescapably, political — union. Germany is central to this.
The crisis also shows some political rather than cultural differences. The government and opinion leaders in Greece have to educate their public about the need to receive and accept technical assistance in such practical fields as how to collect taxes more effectively, how to fight corruption, how unacceptable it should be to steal public money and how unacceptable it is for Greece to have become just about the most corrupt country in Europe.
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