All eyes on Greece - the EU in crisis mode, again! - Post-Summit Analysis27 June 2011
As so often in the past 18 months, an EU Summit, which was meant to focus on other issues, was overshadowed by a dramatic escalation of the euro-zone crisis, following the political turmoil in Greece. This post-summit analysis by Janis A. Emmanouilidis warns that there is no ‘silver bullet’ to resolve the crisis, and that EU leaders will have to choose between “politically very painful and economically very costly” alternatives. But it calls for a bolder approach and for greater honesty from EU leaders about what needs to be done, and why. It also assesses the outcome of the discussions on the first European semester and the economic governance package, as well as migration and the free movement of people.All eyes on Greece - the EU in crisis mode, again!