A bail-out for Greece is just the beginning

Commentary feature asks whether the Eurozone / IMF plan of May 2010 to help Greece through its debt crisis is going to work.

The feature concludes 'The crises now unfolding confirm the wisdom of those who saw the euro as a highly risky venture. These shocks are not that surprising. On the contrary, they could have been expected. The fear that yoking together such diverse countries would increase tension, rather than reduce it, also appears vindicated: look at the surge of anti-European sentiment inside Germany. Yet, now that the eurozone has been created, it must work. The attempted rescue of Greece is just the beginning of the story. Much more still needs to be done, in responding to the immediate crisis and in reforming the eurozone itself, in the not too distant future'.

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: The Greek tragedy deserves a global audience http://www.europeansources.info/record/the-greek-tragedy-deserves-a-global-audience/

---