Can it be that the Greek (and Portugal and Spain and … ) crisis is inherently built into the design of the Eurozone?
“The euro would really do its work when crises hit … Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession … It puts monetary policy out of the reach of politicians … [And] without fiscal policy, the only way nations can keep jobs is by the competitive reduction of rules on business”
from the Guardian: Robert Mundell, evil genius of the Euro