[thefounder]

As long as there is no fiscal union you can't simply share the loss between member states. Is as simple as that. We can talk about we and the "EU budget" all time long but if we want to talk about "our" money and "our" debt the we need some kind of fiscal union. We can't talk about "our" money only when we get bankrupted.

[pjc50]

Without a fiscal union there should never have been a monetary union.

[RobertoG]

..and many economist warned about it.

[growlist]

And politicians - pretty sure I recall that Michael Portillo predicted exactly the sort of problems the euro has been through over recent times.

[thefounder]

You would think that and here we are.

[RobertoG]

That's precisely my point.

You can't talk about "our" European exterior policy and then, when the time arrive impose a bigger austerity, in part of the population of Europe, causing a bigger and longer crisis that the Great Depression.

Never mind Greece previous sins, that would never be done to a German land or a USA state, for instance

Ergo, there is not "we".

If something, Brussels, has show to be the antagonist to the Greeks (and not only the Greeks).