EU has plunged Greece into crisis

A new stage has been reached in Greek's financial crisis. The country needs 8.5 billion euros for a bond due May 19. But the EU is also to blame for Greece's misery, writes the liberal daily Libération: "Imagine the following catastrophic scenario: a tormented Greece incapable of servicing its debts. Portugal stands on the verge of bankruptcy, followed soon after by Spain and Ireland. The Eurozone collapses and the markets spin out of control. Just a few weeks ago such a scenario seemed unthinkable. Europe, people said, would not let the worst happen and would react to defend what it had been constructing for so long. Today the patent failure of this same Europe is putting us on the brink of the chasm. With its endless procrastination, divisiveness and incoherence, the EU is primarily to blame for the Greek jolts that are rocking the planet."

» full article (external link, French)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Europe
All available articles from » Fabrice Rousselot

» To the complete press review of Wednesday, April 28, 2010