Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If we step out of the realm of economics a little bit, we can also discuss the political scene in Greece, whether mass demonstrations can topple the government, whether there may be a political leader in Greece that is more amenable to bucking the EU, and whether Greek society has a breaking point as far as austerity goes. Many of the economic questions may be overtaken by reality. Political stability is not a given.

Does the EU fear not only the economic instability caused by a Greek default, but also a political instability? And beyond that, does the EU value Greece strategically as a partner in its southeast corner, abutting Turkey, North Africa and the Middle East?

The economic decisions certainly seem to carry the most weight here but I would remind that there are cultural/political factors as well as strategic factors that are also involved, especially as they relate to immigration and further integration with the Middle East.

by Upstate NY on Sun Apr 10th, 2011 at 10:29:25 AM EST

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