|Photo by Myrto Papadopoulos.|
It is a make or break moment for Europe. After loosing a third of their wealth in 6 years, without any apparent outcome, the Greek folk is saying enough is enough. Now it is up to the Council - will it simply insist on failed impoverishment policies? It will be easy to force Greece into default, but to what consequence? As it stands, Austerity is a mere disease that will eventually obliterate members states one after the other. All know it, but an act of contrition is something modern politicians perceive as sheer capitulation.
There is no way to tell the final outcome of the story that starts this Sunday. And there is certainly no guarantee the European Union can survive to it. What is certain is that it will dominate European politics for many months, in the mean time overwhelming the constraints that cornered our economy.