EU Needs Culture Change, not Just Greece
David Ignatius, Washington Post | May 3, 2010
Greek PM Papandreou promised to change the financial culture that tolerated pervasive corruption and tax evasion. ++ This week will show whether the financial markets trust him. ++ "Austerity" goes "against the freewheeling, boisterous national spirit that makes Greece such a delightful place to visit." ++ A culture change in Brussels is equally necessary so that Europe has a union in more than name only. ++ "This eurozone has been a weird amalgam of one currency, 16 finance ministers and no final accountability."
Tags: | Greece |
