Timothy Garton Ash, Oxford University | November 26, 2010
The current threat to the eurozone is the greatest challenge to German statecraft since the country was peacefully united 20 years ago, but at the moment they are not rising to the challenge. ++ Following Greece and Ireland, the next countries which could require bailouts are Portugal, and Spain. ++ If this occurs, there would be only two ways forward. ++ The first would be for the eurozone to fall apart. ++ The better alternative would be to save the European monetary union by giving it the underpinnings of a fiscal union.