Bobina e Desbobina

"The European Union seems to have adopted a new rule: if a plan is not working, stick to it (...)

(...)No matter what fictions they concoct this week, the euro zone’s leaders will sooner or later face a choice between three options: massive transfers to Greece that would infuriate other Europeans; a disorderly default that destabilises markets and threatens the European project; or an orderly debt restructuring. This last option would entail a long period of external support for Greece, greater political union and a debate about the institutions Europe would then need."

23rd June, The Economist