Friday September 18, 2020

Greek farce betrays the EU's democratic deficit

The latest act in the eurozone crisis has shown how it is the banking system that is calling the shots - and not the citizens of Europe

6th November, 2011
German chancellor Angela Merkel and French president Nicolas Sarkozy: the European project has been exposed as a Franco-German power bloc. Photo: Getty

At least we owe the Greeks some measure of gratitude - the response to their crisis has, at long last, stripped the European project down to its bare essentials. With unmistakable clarity, we now see the European experiment with its twin pillars exposed: a Franco-German economic and political power bloc, whose priority since the US economic crash of 2008 has been to save the European and US banking systems.

Suddenly, we are discovering that, in order...

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