August 20, 2015 – Il Sole 24 Ore published an article by SEP Senior Fellow Carlo Bastasin, in which he discusses various stages of the Greek crisis and the situation as it stands today. With regard to the bailout plan, he points out that the assistance package is constructed as a strict path, one that does not allow Athens much freedom. The influx of aid depends on the supervision of European institutions, conducted at a level more invasive than those of past programs. He argues that behind the pragmatic deal struck by Athens and Brussels lies a drying up of political initiative in the European community, which has been replaced by passive convergence of all member states toward the model of the country that has proved most successful, despite the two-year long weakening of major European economies.
- The full article (in Italian) is available from Il Sole 24 Ore.