After 17 hours of talks the Euro Group leaders reached a compromise with Athens on Monday morning. The dispute between the proponents and detractors of a Grexit had flared openly on the weekend. Some commentators see a growing rift between France and Germany after the talks. Others voice hopes that the EU will emerge strengthened from an agreement in this protracted dispute.
Prominent economist and Nobel laureate Joseph Stiglitz accused Germany on Sunday (12 July) of displaying a “lack of solidarity” with debt-laden Greece that has badly undermined Europe.
Anger, outrage and dark humor were on display on Sunday as the world waited for European leaders to figure out a solution to the most recent installment of the Greek debt crisis.
The EU’s ideals of peace, democracy and reconciliation deserve to be promoted, even as European leaders are pre-ccupied with other concerns, writes James Bartholomeusz.
While the European immigration crisis is not showing any signs of dying down, the EU has been taking some much needed measures related to saving the lives of the people who are trying to enter Europe trough the Mediterranean. Aside from the Mediterranean Sea, migrants have also been fleeing their home countries by way of the now familiar ‘Balkan Route’, traveling from Kosovo and war-torn Middle Eastern countries. One of the key entrance points to European grounds is the route from non-EU Serbia into neighboring EU member Hungary. Hence, to keep immigrants out of the European Union, the Hungarian PM is planning on erecting a 4-meter-high, 175-kilometer-long fence along the border with Serbia.