Tag Archive: EU

Jul 12 2015

Germany & the Fallacy of the EU

As the Greeks and EU officials again play out a familiar routine of “austerity for bailouts,” the most obvious question is “why.” Now that EU and international institutions have largely assumed the risk of Greek debt from the private sector, direct economic contagion – that was all too possible in 2010-11 – is largely contained. Why would a union of …

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