[Autom. eng. transl.] The Greek financial crisis is a bad story to tell and to comment on because it reveals serious errors (and even falsifications at the source) and serious limitations in the assessment and management of a problem within Euroland. In other words, in an economic-monetary area that has made transparency and sound management of public budgets in its member countries its strong point. The irresponsible management of public finances in Greece was added over time to both the inability to supervise and decide the European Union (EU) and the Monetary Economic Union (EMU), and the myopia of Germany, which prevented an intervention fast. This was followed by an expansion of the Greek crisis, in a dangerous mix of speculation and mistrust, which put the euro and the EMU at risk, blocked for now in extremis by a gigantic European intervention both intergovernmental and community.
|Translated title of the contribution||[Autom. eng. transl.] Will the Greek crisis break Euroland?|
|Number of pages||11|
|Publication status||Published - 2010|