Greece is Europe’s very own subprime crisis

Commentary feature in which author says 'This is going to be the most important week in the 11-year history of Europe’s monetary union. By the end of it we will know whether the Greek fiscal crisis can be contained or whether it will metastasise to other parts of the eurozone'. Writer discusses the situation in Greece and Portugal, as well as the attitudes to the situation in Germany.

ESO: Background information: Greece grasps for €30bn rescue package http://www.europeansources.info/record/greece-grasps-for-e30bn-rescue-package/

ESO: Background information: Greece’s bail-out only delays the inevitable http://www.europeansources.info/record/greeces-bail-out-only-delays-the-inevitable/

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