A clock with a Euro coin face is seen in a shop outside of an EU summit in Brussels, Jan. 30, 2012. The eurozone crisis dominated the Jan. 30 EU summit, with an emphasis on growth and budget discipline.
"A Tale of Two Technocracies: The Diverging Paths of Europe's Crisis Countries"
Op-Ed, The New Republic
January 30, 2012
Author: Pierpaolo Barbieri, Former Ernest May Fellow in History and Policy, International Security Program, 2011–2013
Belfer Center Programs or Projects: International Security
Though the continent's collected prime ministers will no doubt again pledge to do all that's within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent's fate ultimately rests on the quiet, technocratic governments of Italy and Greece. Unfortunately, those administrations have since seen their fortunes diverge considerably. It's worth noting, however, that their respective failures and successes have been entirely predictable (if not entirely preventable.)
Take Italy first. Mario Monti's administration in Rome could have hardly hoped for a better outcome since taking office....
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