Huffington Post
July 1, 2011
Greece has become a household word recently, regrettably, for the wrong reasons. Barely a day has passed during the last fifteen months when its imminent default and doom as well as the Euro's consequent demise have not been predicted.
These verdicts have not come true for the simple reason that they are based solely on numbers, ignoring the political parameter known as the "European Union (EU)," a fundamental variable in the equation, which alters the picture entirely.
I attribute this omission to a simple lack of understanding of the EU's complex inner workings. A person more cynical than I might conclude that it has to do with the hundreds of billions of dollars invested in the Euro's downfall.
It is not the first time that the collapse of the EU is considered as "just around the corner" during its history. Such was the case with the Lisbon, or so-called "Constitutional" Treaty, which ultimately approved and implemented, despite predictions to the contrary. Who can forget the front-page headlines of the time, carried by the majority of prestigious media, heralding "Europe's final days", "EU system collapses" and "Europe is dead"?
More
No comments:
Post a Comment