There is more to the Eurozone than the division between ‘North’ and ‘South’

Opposition to the proposed Greek bailout deal has generally focused on the role of Germany, but how do other Eurozone states view the debt crisis? Daniel Kral notes that while there is a tendency to present the crisis as a stand-off between the Eurozone’s ‘North’ and ‘South’, the situation is far more complex in practice. He writes that the five post-communist countries in the Eurozone – Estonia, Latvia, Lithuania, Slovakia and Slovenia – have been among the strictest in their line taken on Greece, largely due to the perception that they are being asked to subsidise a country with higher living standards than their own.