The End of Europe

The process of European unification is undergoing a deep crisis, certainly the deepest since it started at the beginning of the 1950s. In less than a year, the EU faced two major tests—first the Greek quarrel, then the refugee crisis -- that revealed its true face: a mixture of impotence, ...

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The End of Europe

Democracy or Immaturity?

Interpretations of the Greek referendum in the Euro Zone

The referendum that Alexis Tsipras announced in the early hours of June 27, just days before the expiration of Greece’s rescue program, was from the very beginning a dangerous gamble with little chance of success. His main objective was to strengthen his position as far as his internal ...

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The Greek Referendum: A New Battle of Marathon

The historical resonance, significance and challenges of ‘no’ on July 5th

Some commentators have compared the victory of the "Oxi" at the Greek referendum of July 5th to a Pyrrhic victory, implying that while the anti-austerity camp won this battle, it is doomed to lose the war, strangled by the insurmountable economic difficulties caused by the lack of liquidity. Others have ...

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Hope and its Discontents in Greece

The impressive victory of Syriza in the January 25th Greek elections was the direct result of increasing popular discontent with the Greek political elites and years of self-defeating austerity. The party, which symbolized a break with the past, ran on a platform based on hope, in contrast to ...

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