What game is Boris playing?
Greek catastrophe shows EU’s promised trade-offs are hot air
Losing sovereignty was supposed to be a price worth paying but it has ended in humiliation

By Boris Johnson
9:01PM BST 21 Jun 2015
I sometimes think we are missing the main point of this Greek crisis. We talk of deadlines and deadlocks and dénouements. We go on about the personalities and politics involved – and yet they are all irrelevant next to what has emerged as the one gigantic conclusion from which only a cretin would seriously dissent. It would make no difference to this conclusion, now, if the Greek government were a load of neo-Marxists in motorbike leathers or a junta of Frankfurt bankers.
It doesn’t matter – for the purposes of this argument – whether the whole thing collapses tomorrow, or next month, or next year. They can “kick the can” even further down the road, or just watch as that battered object is finally steamrollered by the logic of the markets. They can keep the Greeks locked for ever in the procrustean torture of the euro or they can allow them suddenly to print billions of new drachmas on the back of cereal packets.
Whatever happens, nothing can change the fundamental truth: the Greeks should never have joined the euro.
They were mad to abandon the safety valve of an independent monetary policy, and they are paying for that folly in a daily and escalating human tragedy: of falling life expectancy, of rising suicides and mass unemployment; of medicines they can no longer afford, of operations cancelled and hope extinguished.
More:
http://www.telegraph.co.uk/finance/economics/11690200/Greek-catastrophe-shows-EUs-promised-trade-offs-are-hot-air.html