The EU is Forked

The Greek crisis has speared the EU on Morton’s Fork, argues Ambrose Evans-Pritchard in an article of relentless lucidity:

Any deal that goes far enough to assuage Greece’s justly-aggrieved people must automatically blow apart the austerity settlement already fraying in the rest of southern Europe. The necessary concessions would embolden populist defiance in Spain, Portugal and Italy, and bring German euroscepticism to the boil.

Once a solution becomes logically inconceivable, it’s safe to assume that nothing is going to be worked out in a hurry.

1 thought on “The EU is Forked

  1. Excellent and pithy summary of stakes and games. Curious how radical the Telegraph has sporadically become since the HSBC ‘scandal’. I wonder what’s been going on in their executive suites lately.

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