Global Business and Economics Program Nonresident Senior Fellow Dante Roscini writes for Harvard Business School on sustainable solutions to the Greek crisis, addressing its implications throughout the eurozone:
The game of brinkmanship that the latest Greek government has played with the Eurozone is at its end. It is a painful moment and a critical juncture for Europe. The question is not if, after all the misery, Greece might be better off without the euro (it would not) or if the Eurozone would suffer from financial contagion if it became clear that the common currency is breakable (it would). Instead, it would be better to ask how European countries can move away from petty, small disputes and think about embracing the broad idea of Europe writ large. That would help in the search for a sustainable solution to this agonizing, destabilizing, and never-ending Greek crisis.