The whole point of the European project has been to get past the hostilities of World War II and build a sustainable community. When the Greek crisis broke out in 2010, what was really at risk were German and to some extent French banks. The strictures of the euro took other options off the table: Crisis countries could not let their currency fall or lower interest rates or expand government spending. Yet, in your telling, the euro and the policies delivered to preserve it left much of Europe nursing fresh grievances. When you look at other aspects of the program, you see that it is also helping special interests within Europe.

Source: International New York Times July 27, 2016 20:31 UTC