The single currency has driven down wages across the continent and hit workers in its leading economy the hardestNearly every discussion of the Greek fiasco is based on a morality play. Call it Naughty Greece versus Noble Europe. Those troublesome Greeks never belonged in the euro, runs this story. Once inside, they got themselves into a big fat mess – and now it’s up to Europe to sort it all out. Related: Eurozone creditors raise hopes of Greek bailout deal This isn’t about creating a deeper democracy, but deeper markets – and the two are increasingly incompatible Related: Tsipras of Athens – a gripping drama entering its final act | Larry Elliott Continue reading...
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