The eurozone was a dream of unity. Now Europe has turned upon itself

Again, it was known at conception that the Euro would fail.

 

Joining the euro club was once a badge of political and economic advancement. Now, if Athens is pushed out, others may choose to follow

Finally, the endgame. After weeks of posturing, Greece is running out of time to escape bankruptcy and a forced exit from the European single currency. By Friday, as both sides scrambled to fix up a fresh round of talks for this weekend after the International Monetary Fund’s negotiators flew home in frustration, it appeared that European officials had been discussing how they might manage a Greek default.

It’s hard not to be mesmerised by the day-to-day drama of walkouts, public posturing and political intrigue, which may finally reach its conclusion in the coming days.

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