> The Greek debacle, which was probably the biggest failure of the EU since its creation, was created by the EU's banking and finance industries. Exactly. Gree

> The Greek debacle, which was probably the biggest failure of the EU since its creation, was created by the EU's banking and finance industries. Exactly. Greece was merely the scapegoat for the bailout of the massively over-leveraged banks that bet against their sovereigns when they saw the Euro would equalize risk. For a much better explanation of how the EU got into this mess, see the this[1] talk by Mark Blyth (Econ prof at Brown). [1] https://www.youtube.com/watch?v=B6vV8_uQmxs#t=777 https://www.youtube.com/watch?v=B6vV8_uQmxs#t=777