The Economist,

If The Eurozone Survives the Greek Crisis It Can Come Through Stronger


You would have to have a heart of stone not to feel for the people of Greece. It seems ridiculous to hold Greek pensioners who can’t pay their electricity bills responsible for the jigsaw of calamities which mean that their government is now struggling under an unpayable mountain of debt.


The situation for Greeks has been very much worse, according to a recent report int the Ecomomist ( than it has been in any of the other hard-hit countries such as Ireland.


Within any unit of economic union, some parts are wealthier than others – in Germany the West transfers assets worth roughly £80 billion to the former East Germany each year.

( In Britain, London funds public spending in Wales, for instance.