“This is a dreadful price for any country to pay for the ambitions and dogmas of a generation of European leaders so detached from accountability that no national referendum on the euro would pass. Nor is it a price that another bailout will do more than postpone. There will be no end to these annual fiascos unless debts can be devalued and national economies brought into stable equilibrium. Do ministers really want these weekly summits to go on forever?”
Every. Word. Of. This. Article.