The Greek crisis and the European crisis. How to face them

The worldwide financial and economic crisis which originated in the US, spread everywhere and is still in effect, has now directly hit the European Monetary Union (EMU), attacking one of its peripheral countries: Greece. Europe is now faced with decisions posed by this country’s financial situation and the fact that it may not be able to refinance its public debt: should Europe limit itself to recommendations, leave Greece to its own destiny, take direct responsibility, or turn to the IMF?