Wednesday, June 29, 2011
Greek Vote Obscures the European Union’s Unsavory Choices: View
Today, the Greek government will try to push through Parliament an austerity package to avert a default on billions of euros in government debt.
Success, though, will only postpone an unsavory choice that the euro area’s leaders will face sooner or later: Let Greece go and put both the European experiment and the global economy at risk, or forge a deeper union in the face of opposition from their voters.
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Bloomberg