One-dimensional austerity programs to deal with “guilty” countries are endangering the Euro and the European Union

The austerity programs that are now advocated all over Europe threaten the continent’s social cohesion, and the EU is degenerating into a Union that primarily fights inflation argues Dimitris Daskalopoulos ahead of an LSE debate tonight on the Greek crisis. Countries such as Greece must implement structural reforms, but in order to preserve the Eurozone, countries that are less affected by the crisis, such as Germany, must also take a fair share of the burden.