Timothy Garton Ash on the Crisis

The Globe and Mail, July 9. Final paragraph:

…So the 28 national leaders…will have to surmount giant structural obstacles that their predecessors created, at once going beyond the orthodoxies of technocracy and somehow negotiating a way to reconcile the legitimate imperatives of 28 different national democracies. If they fail, not just Greece but the whole European project will be plunged into still deeper crisis. Will that existential crisis then finally be seized as kairos, the opportunity for decisive action? As a European, I hope it; as an analyst, I doubt it.

From the BBC, July 13:

The Greek Prime Minister Alexis Tsipras has said Greece will not be leaving the eurozone, after leaders agreed to the terms of a third bailout. Greece now has to pass reforms demanded by the eurozone by Wednesday. The deal includes €86bn (£61bn) of financing for Greece over three years.

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One response to “Timothy Garton Ash on the Crisis

  1. As I understand it part of the bail-out involves Greece divesting itself of billions of dollars of public assets. The rich (the nations, companies and individuals with money) will be able to buy Greek assets in a fire sale. Going once, going twice, going three times – The Parthenon to the Disney Corporation. The British might even make a rock-bottom bid for the Elgin Marbles and so legitimise their `ownership.’