Athens, Europe's Achilles' heel
If Greece falls, we’d do well to prop it up: the European Union would not be immune to repercussions.
- Monday, 27 February 2017
Once again, the Greek government is struggling to live up to the commitments it has made to its creditors. Outside observers may believe that they have seen this movie before. Elsewhere in Europe, however, there is a feeling that things could be differ- ent this time because, in economic terms, Greece is no longer systemically important, and the political situation has also undergone significant changes.