Economics

The Euro Crisis

Blog Post

Can Europe be reborn from past errors?

July 1, 2015, Carlo Bastasin

The dialogue between Greece and its European partners has deteriorated, but the possibility of finding a final agreement still exists. This dramatic sequence of events could be termed the first “War of Interdependence” for Europe. The real lesson, for both sides, is that one can’t manage a crisis with 19th century hostility between states, with terms imposed without consent, or with lies and deceit typical of past militaristic diplomacy. It is not material solidarity that is missing. On the contrary, that exists in abundance. What is lacking is mutual understanding.

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