Europe must be united despite growing crisis
Published 07/07/2011 | 05:00
The Greek debt crisis is only a symptom of a deeper malaise that permeates the political and social fabric of that country. A culture of corruption would appear to be endemic, fostered by the political establishment led for decades by the Papandreou dynasty.
Our track record in Ireland isn't exactly blemish-free and we, too, have had to suffer the ignominy of surrendering our sovereignty to the EU/IMF. But at least we've made a start in setting things right -- notwithstanding how painful and unjust the process is.
Those of a cynical disposition would argue that, despite the optics in the Greek parliament and in Syntagma Square, the political establishment and the citizens know that they will not be allowed to default as the spectre of another world recession is just too much for the EU -- and indeed the whole world -- to countenance.