Europe’s response to the Greek debt crisis in 2015 exposed European cooperation and solidarity as a hollow claim. The euro has become a Greek tragedy, resulting in falling incomes, rising unemployment, and fraying social fabric. Saving the European Union may require killing the single currency.
An eye-opening report on climate change effects in Lebanon reveals the need for government to commit to save tens of thousands of lives and hundreds of billions of dollars over the coming decades, and prevent a further fracturing of society along wealth/poverty lines.
Greece’s European Union creditors showed little sympathy for the country’s financial crisis, blaming a poor national work ethic and insisting on shock therapy. But Germany had its own reasons for pressuring Athens: economic windfalls and political hegemony.