The recent Eurozone stuff requires a bit more blogging than I am prepared for. But I think that this comment from Ezra Klein puts in perspective just how wrong it all went:
Syriza's strategy, insofar as there was one, uncovered a method of failing that was much more complete and all-encompassing than anyone had thought possible at the start of the process.The reason that this is bad news is the the European Union has been sold as a partnership. In a partnership, it is actually bad for one side to lose very, very badly in negotiations. Not because the person that won will not be objectively better off. But because a partnership requires mutual benefit, and so a bad deal undermines the strength of the partnership.
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