The crisis is cancelled. (For now)
The summer of crisis, collapse and political disorientation is cancelled. Last night the EU leaders took steps which, though not a complete solution to the crisis, averted its escalation. Crucially Angela Merkel did what she had insisted was impossible: she made major concessions on short-term measures to ease the crisis without achieving the long-term quid-pro-quo German politics had dictated she...
Sunday morning. Greece votes. Thoughts
Athens: The waitress in the coffee bar gives me a smile now, on this fifth day of election coverage fuelled by – she knows the order - frappe, orange juice and a croissant. “Where are you from?” she asks. When I tell her England she says: “I want to work in your country.” “Well there is no shortage of coffee bars there,” I say. The smile leaves her face: “I’m a qualified midwife.” Like nine...
Euro Diary Upcoming
I might do a Eurozone diary here until Greek election result is announced. Am travelling, to more than one bailed-out country.