French and German banks have more than $400 billion at stake and would lose big if the country left the currency union.
Read here
Austerity
Simon Wren-Lewis: How the lessons from austerity have not been learned
The UK and the Eurozone are both vulnerable to the next recession, but both politicians and central bankers think each other should deal with it. Read here
EU politics
euronews: European Leader of the Year award goes to… President of the European Commission, Jean-Claude Juncker
Initially we thought this was a parody or hoax, but no, it is for real. Just some comic relief in these difficult times. Read and watch here Reddit.com
Corruption
Investigate Europe: The overlooked past of the ‘next PM of Greece’
After being crushed ba the EU, the European Central Bank, and the IMF and the sellout by Syriza, Greece appears to be returning to its oligarchic legacy. That is not reform, that is reactionary politics. […]
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