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Mittwoch, 7. Januar 2015

The Guardian: The Guardian view on the euro: running out of road. Editorial

, "The potential for flexibility in Frankfurt was, in truth, always one of three planks in an unstated grand bargain, the others being the north's acceptance of effective forebearance, and the south's swallowing of austerity. But after years of this mix, the economy ramains stagnant. The north sees no prospect of early repayment, and appalling numbers of citizens in the south are condemned to idleness. Patience is running out on all sides. The euro is no longer up against some passing financial storm but the force of European democracy.