When Greek and other European leaders came to the 17th hour of their all-night talks that culminated in an agreement Monday morning, their immediate concerns were economic. But experts say there were also serious strategic issues driving them toward the accord.
The leaders avoided the unprecedented removal of a country from the common euro currency, and possibly from the European Union — a result experts say would have had broader implications.
“That would mean that the European Union is not only not an optimal currency union, something that economists have already stressed, but it’s also a very profoundly dysfunctional political project,” …read more
Source: Voice of America