Gee, European currency union might not be so compatible with democracy

Gee, European currency union might not be so compatible with democracy
Greeks, worried in 2015. (Image via Bloomberg)

[Ed. – Ya think?]

Underlying the question of whether European leaders and the Greek state will be able to come to terms amid the financial crisis is one even more fundamental: Is there room in Europe for democracy?

In January, Greek voters elected a government on a platform of anti-austerity, one that argued further cuts would not just be cruel to a people already experiencing 25 percent unemployment, but economically backward as well. European leaders have spent the five months since then doing everything they can to drive that Greek government from power. …

If the troika of economic policy-setters succeeds in ousting the Greek government, it will send a clear message to other European Union countries: You are free to hold elections, but the government you elect can only do what we say.

By forcing Greece to accept their terms or leave the euro, leaders of wealthy eurozone nations want to prevent European democracies from stopping their austerity agenda, analysts say. …

Europe’s desire for a change of government in Greece has become especially apparent in recent days. …

An anonymous senior German conservative took it one step further, saying many German lawmakers would not agree to a new bailout deal until the current, left-populist government leaves power.

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