For Europe, Breaking Up Is a Hard Thing to Do
The Greek crisis will soon be yesterday’s news, as Europe has little choice but to adopt a default bailout mechanism and embrace greater fiscal cooperation.
Vitaliy Katsenelson
December 17, 2025
The Euro sign sculpture sits outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Thursday, June 10, 2010. Jean-Claude Trichet said the European Central Bank will extend its offerings of unlimited cash and keep buying government bonds for now as it tries to ease tensions in money markets and fight the European debt crisis.Photographer: Hannelore Foerster/Bloomberg
Hannelore Foerster/Bloomberg
