Talks to deal with Greek economic problems are going nowhere. The Greek authorities, the other Eurozone countries, and the IMF cannot agree on next steps. It is time to go in a different direction.
In the fascination over what the new US President will do, little attention has been given to Greece and the Eurozone. But life goes on in Europe and little has changed. Things will not end well.
The Independent Evaluation Office of the International Monetary fund just completed a review of its role in the Greek, Irish, and Portuguese economic crises. It missed some important points.
The article attempts to explain why the Eurozone is unworkable by highlighting differences between its members and states in the US. In addition, the issue of whether the European Union will survive is discussed