Eurozone Crisis Q&A

A virtually universal feature of discussion in the British media is that the problems Europe now faces are significantly caused by huge debts taken on by the Greek and Italian states in order to pay for high levels of spending on welfare and public sector pay. The financial meltdown of 2008 sometimes features in the background of discussion, deeper causes for that (e.g. wage inequality) are virtually invisible. What's your assessment of the mainstream diagnosis of the crisis? What would a more honest media be saying? Read More.