Getting Tough with Greece

Greece’s financial crisis has brought to the surface the residual North versus South prejudice that lurks in the European Union. In private — or mostly so — Brussels officials from northern member countries tend to talk of Spain’s economic “plight,” but Greece’s “mess.” There is some sympathy for Madrid and its problems, but little more than irritation and impatience for Athens. As Greece’s fiscal crisis drags on, there is more wistful talk of an “extreme solution” that would require Greece to request a temporary suspension from the European monetary union. An exit clause in the Lisbon Treaty for member states […]

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