Rudderless EU risks foundering over Greece
Whatever you do, do nothing, seems to have become the battle cry of Brussels. We have bursts of frenetic activity, portentous deadlines are set, preceded by protracted talks, and then the whole thing grinds to a halt in all-too-predictable deadlock.
Whether it is passing the euro or the drachma, the buck has to stop somewhere if the EU is not to become the focus of international ridicule. Yesterday's latest "emergency summit" on the crisis that has gripped Greece for the past five years ended in less than an hour. "Progress" dissolved into the now expected confusion when it emerged that a document circulated by the Syriza-led government did not have the authority attributed to it, as a number of similar documents were also in circulation. Even Sisyphus was only required to push one boulder up the hill.
As billions fly from the banks, and as bureaucrats, ministers and mandarins fly back and forth from Brussels in pursuit of a denouement, all we are left with is a growing sense of frustration.